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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pike Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Pike Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pike Township, IN

How much do homes in Pike Township, IN cost?

Median Sold Price

$249,977

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,977(+2.0%)

Key Takeaway

Homes in Pike Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Pike Township was $249,977 in November 2024, up 2% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $179.5K$174.9K
-2.6%
2 $175K$180K
+2.9%
3 $245K$245K
0.0%
4 $325K$336K
+3.4%
5+ $412.5K$545K
+32.1%

Summary: Pike Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 32.1%.

Median Sold Price Compared To Nearby Cities

Pike Township
+2.0%
Brown Township
0.3%
Eagle Township
-3.6%
Zionsville
-3.8%

Housing Supply in Pike Township, IN

How many homes are available in Pike Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
268245-8.6%

Summary: The Pike Township real estate market had 245 homes for sale in November 2024, a 8.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 5853
-8.6%
3 125106
-15.2%
4 6769
+3.0%
5+ 1715
-11.8%

Summary: The Pike Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7270-2.8%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pike Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Pike Township in November 2024, down by 2.8% month-over-month. Of the 70 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for Pike Township, IN

How long does it take to sell a home in Pike Township, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days28 Days+4.0%

Summary: Homes in Pike Township had an average of 28 days on market in Nov 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pike Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 70 homes were sold in Pike Township; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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 Pike Township, IN

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