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 Last Month

Last month, Licking Township was a Neutral 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

$159,000

$94/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$81,000(-33.8%)

Key Takeaway

Homes in Licking Township have sold for 33.7% less than they did a month ago.

Summary: The median home sold price in Licking Township was $159,000 in October 2024, down 33.8% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $86.5K$87.1K
+0.7%
3 $247.4K$159K
-35.7%
4 --
N/A
5+ --
N/A

Summary: Licking 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 increased by 0.7%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Washington Township
-4.8%
Licking Township
-33.8%
Hartford City
-34.8%
Union Township
-79.1%

Housing Supply in Licking Township, IN

How many homes are available in Licking Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4955+12.2%

Summary: The Licking Township real estate market had 55 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1112
+9.1%
3 2934
+17.2%
4 66
0.0%
5+ 11
0.0%

Summary: The Licking 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 increased by 9.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

9 Homes Were 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 Licking Township, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Licking Township in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for Licking Township, IN

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

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During October 2024, 11 homes were sold in Licking Township; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

Newest Listings in Licking Township, IN

Nearby Markets to Licking Township, IN

What housing markets are near Licking Township, IN?