Is Pipe Creek 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, Pipe Creek Township has remained a Seller's Market.
Housing Prices in Pipe Creek Township, IN
How much do homes in Pipe Creek Township, IN cost?
Median Sold Price
$140,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pipe Creek Township was $140,000 in May 2024, up 3.7% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $57.5K | N/A |
2 Bedrooms | $120K | $99K | -17.5% |
3 Bedrooms | $142.5K | $146K | +2.5% |
4 Bedrooms | $189.9K | $182.5K | -3.9% |
5+ Bedrooms | $205K | $217K | +5.9% |
Summary: Pipe Creek 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 17.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Elwood | $130K | $136K | +4.6% |
Pipe Creek Township | $135K | $140K | +3.7% |
Madison Township | $195.8K | $190K | -3.0% |
Housing Supply in Pipe Creek Township, IN
How many homes are available in Pipe Creek Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 57 | +9.6% |
Summary: The Pipe Creek Township real estate market had 57 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pipe Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Pipe Creek Township in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Pipe Creek Township, IN
How long does it take to sell a home in Pipe Creek Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 32 Days | -15.2% |
Summary: Homes in Pipe Creek Township had an average of 32 days on market in May 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Pipe Creek Township; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.