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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Washington Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Washington Township, IN

How much do homes in Washington Township, IN cost?

Median Sold Price

$179,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$50,950(-22.2%)

Key Takeaway

Homes in Washington Township have sold for 22.2% less than they did a year ago.

Summary: The median home sold price in Washington Township was $179,000 in April 2024, down 22.2% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$126.2K
N/A
2 $77K$155K
+101.3%
3 $264K$198K
-25.0%
4 $238K$257.5K
+8.2%
5+ $230K$276.7K
+20.3%

Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 101.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Warren Township
+50.5%
Reelsville
-3.8%
Madison Township
-8.8%
Washington Township
-22.2%

Housing Supply in Washington Township, IN

How many homes are available in Washington Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2639+50.0%

Summary: The Washington Township real estate market had 39 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 1623
+43.8%
4 26
+200.0%
5+ 11
0.0%

Summary: The Washington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
07+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Washington Township in April 2024, up by 100.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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

Apr 2023Apr 2024CHANGE
19 Days5 Days-73.7%

Summary: Homes in Washington Township had an average of 5 days on market in Apr 2024, down by 73.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Washington Township; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Washington Township, IN

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