Is Indiana Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indiana Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Indiana Township, PA

How much do homes in Indiana Township, PA cost?

Median Sold Price

$205,650

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$54,575(-21.0%)

Key Takeaway

Homes in Indiana Township have sold for 21% less than they did a year ago.

Summary: The median home sold price in Indiana Township was $205,650 in February 2024, down 21% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $149.9K$130.4K
-13.0%
3 $230K$190.5K
-17.2%
4 $600K$329K
-45.2%
5+ $960K$306K
-68.1%

Summary: Indiana Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 45.2%, and 5+ bedroom homes decreased by 68.1%.

Median Sold Price Compared To Nearby Cities

Fox Chapel
+15.9%
O'Hara Township
-10.2%
Indiana Township
-21.0%

Housing Supply in Indiana Township, PA

How many homes are available in Indiana Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7877-1.3%

Summary: The Indiana Township real estate market had 77 homes for sale in February 2024, a 1.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 3938
-2.6%
4 1818
0.0%
5+ 1211
-8.3%

Summary: The Indiana Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indiana Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Indiana Township in February 2024, up by 60.0% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Indiana Township, PA

How long does it take to sell a home in Indiana Township, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
75 Days87 Days+16.7%

Summary: Homes in Indiana Township had an average of 87 days on market in Feb 2024, up by 16.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Indiana Township has remained consistent over time.

Summary: During February 2024, 16 homes were sold in Indiana Township; 13% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 31% 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 28 Days Ago

Newest Listings in Indiana Township, PA

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What housing markets are near Indiana Township, PA?