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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Licking Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Licking Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Licking Township, IN

How much do homes in Licking Township, IN cost?

Median Sold Price

$125,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+78.6%)

Key Takeaway

Homes in Licking Township have sold for 78.6% more than they did a year ago.

Summary: The median home sold price in Licking Township was $125,000 in November 2024, up 78.6% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K$24.5K
-62.3%
2 $46.7K$50.5K
+8.1%
3 $79K$141.4K
+79.1%
4 $199.9K$135K
-32.5%
5+ $235K$655K
+178.7%

Summary: Licking Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 79.1%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes increased by 178.7%.

Median Sold Price Compared To Nearby Cities

Hartford City
+84.6%
Licking Township
+78.6%

Housing Supply in Licking Township, IN

How many homes are available in Licking Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5348-9.4%

Summary: The Licking Township real estate market had 48 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1110
-9.1%
3 3326
-21.2%
4 710
+42.9%
5+ 00
0.0%

Summary: The Licking 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 9.1%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Licking Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Licking Township in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for Licking Township, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days117 Days+1200.0%

Summary: Homes in Licking Township had an average of 117 days on market in Nov 2024, up by 1200% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Licking Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in Licking Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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 Licking Township, IN

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