Is Prairie Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Prairie Township has remained a Seller's Market.
Key Takeaway
Prairie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prairie Township, IN
How much do homes in Prairie Township, IN cost?
Median Sold Price
$300,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Key Takeaway
Homes in Prairie Township have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Prairie Township was $300,000 in October 2024, up 13.2% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $149.9K | N/A |
| 3 Bedrooms | $247.5K | $175K | -29.3% |
| 4 Bedrooms | - | $390.5K | N/A |
| 5+ Bedrooms | $475K | $339K | -28.6% |
Summary: Prairie 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 did not change, 3 bedroom homes decreased by 29.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 28.6%.
Housing Supply in Prairie Township, IN
How many homes are available in Prairie Township, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Prairie Township real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Prairie 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prairie Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Prairie Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Township, IN
How long does it take to sell a home in Prairie Township, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 14 Days | -72.5% |
Summary: Homes in Prairie Township had an average of 14 days on market in Oct 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairie Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Prairie Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
