$2,102 Closing Credit*
$177,000
2 Beds
•1 Full Bath
Judy Wood, Listing Office: RE/MAX Oak Crest - Elkhart
Is Penn Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Penn Township has remained a Seller's Market.
Key Takeaway
Penn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Penn Township, IN
How much do homes in Penn Township, IN cost?
Median Sold Price
$197,000
$134/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$28,000(-12.4%)
Key Takeaway
Homes in Penn Township have sold for 12.4% less than they did a month ago.
Summary: The median home sold price in Penn Township was $197,000 in November 2024, down 12.4% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $131.5K | $129K | -1.9% |
| 3 Bedrooms | $256K | $195.9K | -23.5% |
| 4 Bedrooms | $285K | $331K | +16.1% |
| 5+ Bedrooms | $378K | $379.9K | 0.5% |
Summary: Penn 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 decreased by 1.9%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Osceola | $275K | $330K | +20.0% |
| Granger | $359.9K | $382.5K | +6.3% |
| Baugo Township | $256.4K | $271.7K | +6.0% |
| Mishawaka | $214K | $190.7K | -10.9% |
| Penn Township | $225K | $197K | -12.4% |
Housing Supply in Penn Township, IN
How many homes are available in Penn Township, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 273 | 276 | +1.1% |
Summary: The Penn Township real estate market had 276 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 69 | 59 | -14.5% |
| 3 Bedrooms | 126 | 140 | +11.1% |
| 4 Bedrooms | 65 | 67 | +3.1% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Penn 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 14.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 65 | -15.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penn Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Penn Township in November 2024, down by 15.6% month-over-month. Of the 57 sold homes, 47% were sold under asking, 25% were sold at asking, and 28% were sold over asking.
Days on Market for Penn Township, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.