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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairmount Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Fairmount Township, IN

How much do homes in Fairmount Township, IN cost?

Median Sold Price

$130,000

$80/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$68,000(-34.3%)

Key Takeaway

Homes in Fairmount Township have sold for 34.3% less than they did a month ago.

Summary: The median home sold price in Fairmount Township was $130,000 in November 2024, down 34.3% from last month, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $162K$130K
-19.8%
3 -$70K
N/A
4 $298.9K$135K
-54.8%
5+ --
N/A

Summary: Fairmount 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 decreased by 19.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 54.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jefferson Township
+56.8%
Mill Township
+40.0%
Fairmount Township
-34.3%
Fairmount
-34.3%

Housing Supply in Fairmount Township, IN

How many homes are available in Fairmount Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1315+15.4%

Summary: The Fairmount Township real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 56
+20.0%
4 66
0.0%
5+ 01
+100.0%

Summary: The Fairmount 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairmount Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fairmount Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fairmount 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 Fairmount Township, IN

Nearby Markets to Fairmount Township, IN

What housing markets are near Fairmount Township, IN?