$2,898 Closing Credit*
$244,000
2,601 SqFt
4 Beds
•2 Full Baths, 1 Partial
Angela Walker, Listing Office: Indiana Property Group, LLC
Is Needham Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Needham Township has remained a Seller's Market.
Key Takeaway
Needham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Needham Township, IN
How much do homes in Needham Township, IN cost?
Median Sold Price
$319,900
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,800(+7.0%)
Key Takeaway
Homes in Needham Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Needham Township was $319,900 in November 2024, up 7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $267K | -1.1% |
| 3 Bedrooms | $265K | $299.9K | +13.2% |
| 4 Bedrooms | $362.2K | $335K | -7.5% |
| 5+ Bedrooms | $405K | $580K | +43.2% |
Summary: Needham Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Cities
| Needham Township | $299.1K | $319.9K | +7.0% |
| Franklin | $266.5K | $274.9K | +3.2% |
| Franklin Township | $266.5K | $274.9K | +3.2% |
Housing Supply in Needham Township, IN
How many homes are available in Needham Township, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The Needham Township real estate market had 28 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Needham 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 20%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Needham Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Needham Township in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Needham Township, IN
How long does it take to sell a home in Needham Township, IN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 20 Days | -66.5% |
Summary: Homes in Needham Township had an average of 20 days on market in Nov 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Needham Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Needham 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.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.