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
$444,519
$178/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 $444,519 in March 2024, up 1.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $311K | $340K | +9.3% |
3 Bedrooms | $364.2K | $384.2K | +5.5% |
4 Bedrooms | $468.6K | $487.8K | +4.1% |
5+ Bedrooms | $665K | $696.2K | +4.7% |
Summary: Washington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Union Township | $747.5K | $830.7K | +11.1% |
Westfield | $426K | $447.6K | +5.1% |
Carmel | $489.5K | $514.3K | +5.1% |
Noblesville Township | $350K | $358.3K | +2.4% |
Washington Township | $439.6K | $444.5K | +1.1% |
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 |
---|---|---|
331 | 368 | +11.2% |
Summary: The Washington Township real estate market had 368 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 53 | 68 | +28.3% |
3 Bedrooms | 143 | 148 | +3.5% |
4 Bedrooms | 88 | 93 | +5.7% |
5+ Bedrooms | 47 | 59 | +25.5% |
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 28.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 93 | +13.4% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Washington Township in March 2024, up by 13.4% month-over-month. Of the 93 sold homes, 53% were sold under asking, 32% were sold at asking, and 15% 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 |
---|---|---|
44 Days | 54 Days | +20.9% |
Summary: Homes in Washington Township had an average of 54 days on market in Mar 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 93 homes were sold in Washington Township; 57% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.