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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eel River Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Eel River Township, IN

How much do homes in Eel River Township, IN cost?

Median Sold Price

$374,950

$157/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,050(-1.3%)

Key Takeaway

Homes in Eel River Township have sold for 1.3% less than they did a month ago.

Summary: The median home sold price in Eel River Township was $374,950 in October 2024, down 1.3% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$270K
N/A
3 $275K$299.9K
+9.1%
4 $655K$390K
-40.5%
5+ -$469.7K
N/A

Summary: Eel River Township housing prices by bedroom type for October 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 increased by 9.1%, 4 bedroom homes decreased by 40.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Smith Township
+50.1%
Eel River Township
-1.3%
Huntertown
-9.3%

Housing Supply in Eel River Township, IN

How many homes are available in Eel River Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3734-8.1%

Summary: The Eel River Township real estate market had 34 homes for sale in October 2024, a 8.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1816
-11.1%
4 1412
-14.3%
5+ 44
0.0%

Summary: The Eel River 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 increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eel River Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Eel River Township in October 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Eel River 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 17 Days Ago

Newest Listings in Eel River Township, IN

Nearby Markets to Eel River Township, IN

What housing markets are near Eel River Township, IN?