Is Salem 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, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, IN
How much do homes in Salem Township, IN cost?
Median Sold Price
$230,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salem Township was $230,000 in May 2024, up 48.4% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | - | N/A |
2 Bedrooms | $89.9K | $116K | +29.0% |
3 Bedrooms | $166.2K | $208.5K | +25.4% |
4 Bedrooms | $260K | $331.6K | +27.6% |
5+ Bedrooms | $435K | $323.5K | -25.6% |
Summary: Salem 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 increased by 29%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 25.6%.
Median Sold Price Compared To Nearby Cities
Daleville | $133K | $279.5K | +110.2% |
Salem Township | $155K | $230K | +48.4% |
Mount Pleasant Township | $209.9K | $251.4K | +19.8% |
Housing Supply in Salem Township, IN
How many homes are available in Salem Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Summary: The Salem Township real estate market had 18 homes for sale in May 2024, a 63.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Salem Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Salem Township in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Salem Township, IN
How long does it take to sell a home in Salem Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 59 Days | +79.0% |
Summary: Homes in Salem Township had an average of 59 days on market in May 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
2 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, 5 homes were sold in Salem Township; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.