Is Washington Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IN
How much do homes in Washington Township, IN cost?
Median Sold Price
$311,488
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington Township was $311,488 in March 2024, up 2.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.1K | $188K | +10.5% |
2 Bedrooms | $239.2K | $240.1K | 0.4% |
3 Bedrooms | $300K | $310.1K | +3.4% |
4 Bedrooms | $400K | $425K | +6.3% |
5+ Bedrooms | $660K | $630K | -4.5% |
Summary: Washington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Meridian Hills | $626.4K | $850K | +35.7% |
Washington Township | $305.1K | $311.4K | +2.1% |
Housing Supply in Washington Township, IN
How many homes are available in Washington Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
462 | 533 | +15.4% |
Summary: The Washington Township real estate market had 533 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 118 | 143 | +21.2% |
3 Bedrooms | 195 | 223 | +14.4% |
4 Bedrooms | 103 | 115 | +11.7% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Washington Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 150 | +25.0% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 150 homes were sold or pending in Washington Township in March 2024, up by 25.0% month-over-month. Of the 150 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Washington Township, IN
How long does it take to sell a home in Washington Township, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 43 Days | -20.6% |
Summary: Homes in Washington Township had an average of 43 days on market in Mar 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
96 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 150 homes were sold in Washington Township; 64% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.