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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourbon Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Bourbon Township, IN

How much do homes in Bourbon Township, IN cost?

Median Sold Price

$179,000

$153/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$261,000(-59.3%)

Key Takeaway

Homes in Bourbon Township have sold for 59.3% less than they did a month ago.

Summary: The median home sold price in Bourbon Township was $179,000 in December 2024, down 59.3% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$130K
N/A
2 -$179K
N/A
3 $405K$186.2K
-54.0%
4 $475K$215K
-54.7%
5+ --
N/A

Summary: Bourbon Township housing prices by bedroom type for December 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 54%, 4 bedroom homes decreased by 54.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bourbon Township
-59.3%
Bourbon
-59.3%

Housing Supply in Bourbon Township, IN

How many homes are available in Bourbon Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The Bourbon Township real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 34
+33.3%
4 21
-50.0%
5+ 00
0.0%

Summary: The Bourbon Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bourbon Township, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Bourbon Township in December 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.

Days on Market for Bourbon 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 2 Days Ago

Newest Listings in Bourbon Township, IN

Nearby Markets to Bourbon Township, IN