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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ervin Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ervin Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Ervin Township, IN

How much do homes in Ervin Township, IN cost?

Median Sold Price

$349,500

$145/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$159,500(+83.9%)

Key Takeaway

Homes in Ervin Township have sold for 83.9% more than they did a month ago.

Summary: The median home sold price in Ervin Township was $349,500 in October 2024, up 83.9% from last month, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $190K$349.5K
+83.9%
4 --
N/A
5+ --
N/A

Summary: Ervin 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 83.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ervin Township
+83.9%
Clay Township
+12.8%
Monroe Township
-17.2%

Housing Supply in Ervin Township, IN

How many homes are available in Ervin Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The Ervin Township real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 32
-33.3%
5+ 01
+100.0%

Summary: The Ervin 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ervin Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Ervin Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Ervin Township, IN

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Ervin Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Ervin Township, IN

Nearby Markets to Ervin Township, IN