Is Hamblen Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hamblen Township has remained a Seller's Market.
Housing Prices in Hamblen Township, IN
How much do homes in Hamblen Township, IN cost?
Median Sold Price
$430,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hamblen Township was $430,000 in April 2024, down 1.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $531.5K | $451K | -15.1% |
2 Bedrooms | $530K | $467K | -11.9% |
3 Bedrooms | $325K | $367K | +12.9% |
4 Bedrooms | $421.2K | $730K | +73.3% |
5+ Bedrooms | - | - | N/A |
Summary: Hamblen Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 73.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Morgantown | $252K | $338.5K | +34.3% |
Jackson Township | $277.5K | $362.5K | +30.6% |
Princes Lakes | $237K | $270K | +13.9% |
Nineveh | $310K | $325K | +4.8% |
Hamblen Township | $435K | $430K | -1.1% |
Housing Supply in Hamblen Township, IN
How many homes are available in Hamblen Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Hamblen Township real estate market had 41 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hamblen Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hamblen Township in April 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Hamblen Township, IN
How long does it take to sell a home in Hamblen Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 50 Days | +142.5% |
Summary: Homes in Hamblen Township had an average of 50 days on market in Apr 2024, up by 142.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Hamblen Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.