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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adams Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Adams Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Adams Township, IN

How much do homes in Adams Township, IN cost?

Median Sold Price

$267,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,000(+13.1%)

Key Takeaway

Homes in Adams Township have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Adams Township was $267,000 in May 2024, up 13.1% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$119K
N/A
2 $161K$160.5K
-0.3%
3 $231.5K$249.9K
+7.9%
4 $284.9K$312K
+9.5%
5+ $437.5K$349.9K
-20.0%

Summary: Adams Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Cities

Sheridan
+35.2%
Jackson Township
+13.3%
Adams Township
+13.1%

Housing Supply in Adams Township, IN

How many homes are available in Adams Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2426+8.3%

Summary: The Adams Township real estate market had 26 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1012
+20.0%
4 108
-20.0%
5+ 23
+50.0%

Summary: The Adams Township housing inventory by bedroom type for May 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%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adams Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Adams Township in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.

Days on Market for Adams Township, IN

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

Average Sale Time

May 2023May 2024CHANGE
23 Days-9 Days-139.9%

Summary: Homes in Adams Township had an average of -9 days on market in May 2024, down by 139.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Adams Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Adams Township, IN

Nearby Markets to Adams Township, IN

What housing markets are near Adams Township, IN?