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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Patoka Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Patoka Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Patoka Township, IN

How much do homes in Patoka Township, IN cost?

Median Sold Price

$169,900

$166/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$49,900(+41.6%)

Key Takeaway

Homes in Patoka Township have sold for 41.6% more than they did a month ago.

Summary: The median home sold price in Patoka Township was $169,900 in October 2024, up 41.6% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $120K$99.9K
-16.7%
3 -$221.6K
N/A
4 --
N/A
5+ --
N/A

Summary: Patoka 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 decreased by 16.7%, 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

Patoka Township
+41.6%
Washington Township
-7.0%
Columbia Township
-15.3%
Winslow
-75.0%

Housing Supply in Patoka Township, IN

How many homes are available in Patoka Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
711+57.1%

Summary: The Patoka Township real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 15
+400.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The Patoka 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 decreased by 25%, 3 bedroom homes increased by 400%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Patoka Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Patoka Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Patoka 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 4 Days Ago

Newest Listings in Patoka Township, IN

Nearby Markets to Patoka Township, IN