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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bainbridge Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Bainbridge Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Bainbridge Township, IN

How much do homes in Bainbridge Township, IN cost?

Median Sold Price

$269,575

$124/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$10,425(-3.7%)

Key Takeaway

Homes in Bainbridge Township have sold for 3.7% less than they did a month ago.

Summary: The median home sold price in Bainbridge Township was $269,575 in May 2024, down 3.7% from last month, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$179.5K
N/A
3 $418.5K$279.9K
-33.1%
4 $280K$315K
+12.5%
5+ --
N/A

Summary: Bainbridge Township housing prices by bedroom type for May 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 decreased by 33.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Marion Township
+534.5%
Madison Township
-1.8%
Bainbridge Township
-3.7%

Housing Supply in Bainbridge Township, IN

How many homes are available in Bainbridge Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2032+60.0%

Summary: The Bainbridge Township real estate market had 32 homes for sale in May 2024, a 60.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 1321
+61.5%
4 56
+20.0%
5+ 01
+100.0%

Summary: The Bainbridge 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 200%, 3 bedroom homes increased by 61.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bainbridge 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 8 homes were sold or pending in Bainbridge Township in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Bainbridge Township, IN

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

Average Sale Time

Apr 2024May 2024CHANGE
22 Days31 Days+41.0%

Summary: Homes in Bainbridge Township had an average of 31 days on market in May 2024, up by 41% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Bainbridge Township; 13% of homes were sold within 30 days, 13% 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 1 Day Ago

Newest Listings in Bainbridge Township, IN

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