Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IN
How much do homes in Washington Township, IN cost?
Median Sold Price
$314,707
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $314,707 in May 2024, up 3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.8K | $188K | +12.0% |
2 Bedrooms | $237K | $243.5K | +2.7% |
3 Bedrooms | $302K | $312K | +3.3% |
4 Bedrooms | $405K | $420.8K | +3.9% |
5+ Bedrooms | $648.5K | $700K | +7.9% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Washington Township, IN
How many homes are available in Washington Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
614 | 619 | +0.8% |
Summary: The Washington Township real estate market had 619 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 159 | 147 | -7.5% |
3 Bedrooms | 267 | 279 | +4.5% |
4 Bedrooms | 135 | 139 | +3.0% |
5+ Bedrooms | 42 | 43 | +2.4% |
Summary: The Washington 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 decreased by 7.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
188 | 180 | -4.3% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 180 homes were sold or pending in Washington Township in May 2024, down by 4.3% month-over-month. Of the 180 sold homes, 41% were sold under asking, 24% were sold at asking, and 34% were sold over asking.
Days on Market for Washington Township, IN
How long does it take to sell a home in Washington Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 30 Days | +9.6% |
Summary: Homes in Washington Township had an average of 30 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
134 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 180 homes were sold in Washington Township; 74% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.