Is Addison Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Addison Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Addison Township has remained a Seller's Market.

Key Takeaway

Addison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Addison Township, IN

How much do homes in Addison Township, IN cost?

Median Sold Price

$200,166

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,166(+5.4%)

Key Takeaway

Homes in Addison Township have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Addison Township was $200,166 in October 2024, up 5.4% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $138K$155K
+12.3%
3 $195K$204K
+4.6%
4 $230K$267.5K
+16.3%
5+ $371.8K$345K
-7.2%

Summary: Addison Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Shelbyville
+5.9%
Addison Township
+5.4%
Marion Township
-16.7%

Housing Supply in Addison Township, IN

How many homes are available in Addison Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8286+4.9%

Summary: The Addison Township real estate market had 86 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1514
-6.7%
3 3937
-5.1%
4 1622
+37.5%
5+ 1112
+9.1%

Summary: The Addison Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2917-41.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Addison Township, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Addison Township in October 2024, down by 41.4% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.

Days on Market for Addison Township, IN

How long does it take to sell a home in Addison Township, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days32 Days+115.4%

Summary: Homes in Addison Township had an average of 32 days on market in Oct 2024, up by 115.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Addison Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Addison Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Addison Township, IN

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