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
$320,250
$148/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 $320,250 in March 2024, up 1.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $127K | -18.1% |
2 Bedrooms | $246K | $240K | -2.4% |
3 Bedrooms | $280K | $290K | +3.6% |
4 Bedrooms | $368.7K | $365K | -1.0% |
5+ Bedrooms | $440K | $445K | +1.1% |
Summary: Washington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $183.9K | $194.3K | +5.6% |
Lincoln Township | $306.7K | $315K | +2.7% |
Washington Township | $315.4K | $320.2K | +1.5% |
Plainfield | $309.5K | $306.8K | -0.8% |
Avon | $330.6K | $326.5K | -1.3% |
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 |
---|---|---|
217 | 235 | +8.3% |
Summary: The Washington Township real estate market had 235 homes for sale in March 2024, a 8.3% 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 | 22 | 28 | +27.3% |
3 Bedrooms | 92 | 108 | +17.4% |
4 Bedrooms | 77 | 76 | -1.3% |
5+ Bedrooms | 26 | 23 | -11.5% |
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 27.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 71 | +24.6% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Washington Township in March 2024, up by 24.6% month-over-month. Of the 71 sold homes, 65% were sold under asking, 14% were sold at asking, and 21% 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 |
---|---|---|
33 Days | 38 Days | +15.3% |
Summary: Homes in Washington Township had an average of 38 days on market in Mar 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Washington Township; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.