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 October 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

$155,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,000(+14.0%)

Key Takeaway

Homes in Pipe Creek Township have sold for 14% more than they did a year ago.

Summary: The median home sold price in Pipe Creek Township was $155,000 in October 2024, up 14% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$74.1K
+34.7%
2 $107.5K$99.9K
-7.0%
3 $141.5K$157.9K
+11.6%
4 $175K$194.9K
+11.4%
5+ $210K$217K
+3.3%

Summary: Pipe Creek Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

Madison Township
+27.5%
Elwood
+15.7%
Pipe Creek Township
+14.0%

Housing Supply in Pipe Creek Township, IN

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6168+11.5%

Summary: The Pipe Creek Township real estate market had 68 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1017
+70.0%
3 3839
+2.6%
4 1111
0.0%
5+ 11
0.0%

Summary: The Pipe Creek Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1220+66.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 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. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Pipe Creek Township in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
24 Days62 Days+153.6%

Summary: Homes in Pipe Creek Township had an average of 62 days on market in Oct 2024, up by 153.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 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 October 2024, 20 homes were sold in Pipe Creek Township; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% 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 20 Days Ago

Newest Listings in Pipe Creek Township, IN

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