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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wea Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wea Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wea Township, IN

How much do homes in Wea Township, IN cost?

Median Sold Price

$300,500

$162/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$19,500(-6.1%)

Key Takeaway

Homes in Wea Township have sold for 6.1% less than they did a month ago.

Summary: The median home sold price in Wea Township was $300,500 in October 2024, down 6.1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$213.4K
N/A
3 $282.4K$297K
+5.2%
4 $356.7K$309K
-13.4%
5+ $387.5K$360K
-7.1%

Summary: Wea Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Perry Township
+48.4%
Sheffield Township
+34.5%
Lafayette
-4.0%
Wea Township
-6.1%
Fairfield Township
-6.7%

Housing Supply in Wea Township, IN

How many homes are available in Wea Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
102105+2.9%

Summary: The Wea Township real estate market had 105 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 5971
+20.3%
4 3527
-22.9%
5+ 64
-33.3%

Summary: The Wea Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3431-8.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wea Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Wea Township in October 2024, down by 8.8% month-over-month. Of the 28 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Wea Township, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
12 Days7 Days-41.7%

Summary: Homes in Wea Township had an average of 7 days on market in Oct 2024, down by 41.7% compared to last month.

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 Wea Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in Wea Township; 3% 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 2 Days Ago

Newest Listings in Wea Township, IN

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