Is Adams Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Adams Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $119K | N/A |
2 Bedrooms | $161K | $160.5K | -0.3% |
3 Bedrooms | $231.5K | $249.9K | +7.9% |
4 Bedrooms | $284.9K | $312K | +9.5% |
5+ Bedrooms | $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 | $225K | $304.1K | +35.2% |
Jackson Township | $300K | $340K | +13.3% |
Adams Township | $236K | $267K | +13.1% |
Housing Supply in Adams Township, IN
How many homes are available in Adams Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
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
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.