Is Warren Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warren Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Warren Township has remained a Seller's Market.

Key Takeaway

Warren Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Warren Township, IN

How much do homes in Warren Township, IN cost?

Median Sold Price

$199,216

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,216(+2.2%)

Key Takeaway

Homes in Warren Township have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Warren Township was $199,216 in February 2024, up 2.2% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $109.9K$90K
-18.1%
2 $149.9K$160K
+6.7%
3 $195K$194.7K
-0.1%
4 $258.6K$245K
-5.3%
5+ $302.4K$283K
-6.4%

Summary: Warren Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

Cumberland
+20.1%
Warren Township
+2.2%
Beech Grove
0.0%
Center Township
-1.7%

Housing Supply in Warren Township, IN

How many homes are available in Warren Township, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
302330+9.3%

Summary: The Warren Township real estate market had 330 homes for sale in February 2024, a 9.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 5058
+16.0%
3 175191
+9.1%
4 5964
+8.5%
5+ 1716
-5.9%

Summary: The Warren Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
8578-8.2%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren Township, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Warren Township in February 2024, down by 8.2% month-over-month. Of the 78 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% were sold over asking.

Days on Market for Warren Township, IN

How long does it take to sell a home in Warren Township, IN?

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days31 Days-43.5%

Summary: Homes in Warren Township had an average of 31 days on market in Feb 2024, down by 43.5% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warren Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 78 homes were sold in Warren Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Warren Township, IN

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