Is Brown 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, Brown Township has remained a Seller's Market.
Housing Prices in Brown Township, IN
How much do homes in Brown Township, IN cost?
Median Sold Price
$414,800
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brown Township was $414,800 in May 2024, up 5.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $380.5K | +52.2% |
3 Bedrooms | $312.5K | $340.9K | +9.1% |
4 Bedrooms | $432.5K | $430K | -0.6% |
5+ Bedrooms | $490K | $473K | -3.5% |
Summary: Brown 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 52.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Brownsburg | $310K | $365K | +17.7% |
Brown Township | $392.5K | $414.8K | +5.7% |
Lincoln Township | $305.4K | $322.4K | +5.5% |
Whitestown | $365K | $344.4K | -5.6% |
Perry Township | $414.9K | $340K | -18.1% |
Housing Supply in Brown Township, IN
How many homes are available in Brown Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 99 | +5.3% |
Summary: The Brown Township real estate market had 99 homes for sale in May 2024, a 5.3% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 39 | 41 | +5.1% |
5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Brown 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 16.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Brown Township in May 2024, the same as the previous month. Of the 22 sold homes, 59% were sold under asking, 32% were sold at asking, and 9% were sold over asking.
Days on Market for Brown Township, IN
How long does it take to sell a home in Brown Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 33 Days | -7.5% |
Summary: Homes in Brown Township had an average of 33 days on market in May 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Brown Township; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.