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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Posey Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Posey Township, IN

How much do homes in Posey Township, IN cost?

Median Sold Price

$166,750

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$58,250(-25.9%)

Key Takeaway

Homes in Posey Township have sold for 25.9% less than they did a year ago.

Summary: The median home sold price in Posey Township was $166,750 in October 2024, down 25.9% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $155K$173.9K
+12.2%
3 $230K$156.3K
-32.0%
4 $398.9K$174.9K
-56.1%
5+ $245K-
N/A

Summary: Posey Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 56.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Brazil Township
-2.1%
Brazil
-4.3%
Posey Township
-25.9%

Housing Supply in Posey Township, IN

How many homes are available in Posey Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
56+20.0%

Summary: The Posey Township real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 56
+20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Posey 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 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 Posey Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Posey Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Posey Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days20 Days-55.9%

Summary: Homes in Posey Township had an average of 20 days on market in Oct 2024, down by 55.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Posey Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 Posey Township, IN

Nearby Markets to Posey Township, IN

What housing markets are near Posey Township, IN?