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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pipe Creek Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pipe Creek Township, IN

How much do homes in Pipe Creek Township, IN cost?

Median Sold Price

$159,450

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,450(+17.2%)

Key Takeaway

Homes in Pipe Creek Township have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Pipe Creek Township was $159,450 in November 2024, up 17.2% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$74.1K
+34.7%
2 $100K$113K
+13.0%
3 $145K$160K
+10.3%
4 $175K$199.9K
+14.2%
5+ $210K$218.4K
+4.0%

Summary: Pipe Creek Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Madison Township
+19.5%
Elwood
+18.7%
Pipe Creek Township
+17.2%

Housing Supply in Pipe Creek Township, IN

How many homes are available in Pipe Creek Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6754-19.4%

Summary: The Pipe Creek Township real estate market had 54 homes for sale in November 2024, a 19.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1611
-31.3%
3 3932
-17.9%
4 119
-18.2%
5+ 12
+100.0%

Summary: The Pipe Creek 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 31.3%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2114-33.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pipe Creek Township, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Pipe Creek Township in November 2024, down by 33.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.

Days on Market for Pipe Creek Township, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
-535 Days65 Days-112.2%

Summary: Homes in Pipe Creek Township had an average of 65 days on market in Nov 2024, up by 112.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Pipe Creek Township; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 21 Days Ago

Newest Listings in Pipe Creek Township, IN

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What housing markets are near Pipe Creek Township, IN?