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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing German Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, German Township was a Neutral Market.

Key Takeaway

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

Housing Prices in German Township, IN

How much do homes in German Township, IN cost?

Median Sold Price

$227,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in German Township has remained the same since last year.

Summary: The median home sold price in German Township was $227,000 in November 2024, down 0.2% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$125K
N/A
2 $91.2K$185K
+102.9%
3 $219.9K$225K
+2.3%
4 $249.5K$296.4K
+18.8%
5+ $332.4K$356K
+7.1%

Summary: German Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 102.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

Edinburgh
+13.5%
Edinburgh
+13.5%
German Township
-0.2%

Housing Supply in German Township, IN

How many homes are available in German Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1416+14.3%

Summary: The German Township real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1014
+40.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The German 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 decreased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in German Township, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

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

Days on Market for German Township, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days18 Days+360.0%

Summary: Homes in German Township had an average of 18 days on market in Nov 2024, up by 360% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in German Township; 60% of homes were sold within 30 days, 40% 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 17 Days Ago

Newest Listings in German Township, IN

Nearby Markets to German Township, IN

What housing markets are near German Township, IN?