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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jennings Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Jennings Township, IN

How much do homes in Jennings Township, IN cost?

Median Sold Price

$94,000

$74/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$94,950(-50.3%)

Key Takeaway

Homes in Jennings Township have sold for 50.3% less than they did a month ago.

Summary: The median home sold price in Jennings Township was $94,000 in December 2024, down 50.3% from last month, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $157.9K$115K
-27.2%
3 $220K$73K
-66.8%
4 --
N/A
5+ --
N/A

Summary: Jennings 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 decreased by 27.2%, 3 bedroom homes decreased by 66.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Vernon Township
+13.4%
Jennings Township
-50.3%
Austin
-50.3%

Housing Supply in Jennings Township, IN

How many homes are available in Jennings Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1114+27.3%

Summary: The Jennings Township real estate market had 14 homes for sale in December 2024, a 27.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 35
+66.7%
4 23
+50.0%
5+ 11
0.0%

Summary: The Jennings 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 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jennings Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Jennings Township in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Jennings Township, IN

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

Average Sale Time

Nov 2024Dec 2024CHANGE
17 Days26 Days+52.9%

Summary: Homes in Jennings Township had an average of 26 days on market in Dec 2024, up by 52.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 4 homes were sold in Jennings Township; 75% of homes were sold within 30 days, 25% 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 4 Days Ago

Newest Listings in Jennings Township, IN

Nearby Markets to Jennings Township, IN