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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monon Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Monon Township was a Seller's Market.

Key Takeaway

Monon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Monon Township, IN

How much do homes in Monon Township, IN cost?

Median Sold Price

$165,000

$109/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$161,750(-49.5%)

Key Takeaway

Homes in Monon Township have sold for 49.5% less than they did a month ago.

Summary: The median home sold price in Monon Township was $165,000 in November 2024, down 49.5% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $187K-
N/A
3 $379K-
N/A
4 -$165K
N/A
5+ --
N/A

Summary: Monon 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Salem Township
+5.0%
Monon
-11.8%
Honey Creek Township
-42.7%
Monon Township
-49.5%

Housing Supply in Monon Township, IN

How many homes are available in Monon Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148-42.9%

Summary: The Monon Township real estate market had 8 homes for sale in November 2024, a 42.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 94
-55.6%
4 22
0.0%
5+ 11
0.0%

Summary: The Monon 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 decreased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was 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 Monon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Monon Township in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Monon 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 Monon Township, IN

Nearby Markets to Monon Township, IN