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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Luce Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Luce Township, IN

How much do homes in Luce Township, IN cost?

Median Sold Price

$500,500

$182/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$391,500(+359.2%)

Key Takeaway

Homes in Luce Township have sold for 359.2% more than they did a month ago.

Summary: The median home sold price in Luce Township was $500,500 in November 2024, up 359.2% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $150K-
N/A
3 $68K$557.5K
+719.9%
4 -$443.5K
N/A
5+ --
N/A

Summary: Luce 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 did not change, 3 bedroom homes increased by 719.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland
+411.5%
Luce Township
+359.2%
Anderson Township
+9.2%
Ohio Township
-21.4%

Housing Supply in Luce Township, IN

How many homes are available in Luce Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118-27.3%

Summary: The Luce Township real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 22
0.0%
3 63
-50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Luce 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 Luce Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Luce Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Luce 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 Luce Township, IN

Nearby Markets to Luce Township, IN

What housing markets are near Luce Township, IN?