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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Albion Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Albion Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Albion Township, IN

How much do homes in Albion Township, IN cost?

Median Sold Price

$269,000

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$68,500(-20.3%)

Key Takeaway

Homes in Albion Township have sold for 20.3% less than they did a month ago.

Summary: The median home sold price in Albion Township was $269,000 in November 2024, down 20.3% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$50K
N/A
3 $455K$269K
-40.9%
4 $209.9K$806K
+284.0%
5+ --
N/A

Summary: Albion Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40.9%, 4 bedroom homes increased by 284%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

York Township
+24.8%
Jefferson Township
+11.8%
Albion Township
-20.3%
Albion
-20.3%

Housing Supply in Albion Township, IN

How many homes are available in Albion Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2327+17.4%

Summary: The Albion Township real estate market had 27 homes for sale in November 2024, a 17.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 1012
+20.0%
4 76
-14.3%
5+ 22
0.0%

Summary: The Albion Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Albion Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Albion Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Albion Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in Albion Township, IN

Nearby Markets to Albion Township, IN