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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ray Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Ray Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Ray Township, IN

How much do homes in Ray Township, IN cost?

Median Sold Price

$325,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,100(+3.2%)

Key Takeaway

Homes in Ray Township have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Ray Township was $325,000 in October 2024, up 3.2% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $284.9K$292K
+2.5%
4 $314.9K$325K
+3.2%
5+ $345K$485.4K
+40.7%

Summary: Ray 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 increased by 2.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Cities

Ray Township
+3.2%
Batesville
-5.5%
Laughery Township
-12.3%

Housing Supply in Ray Township, IN

How many homes are available in Ray Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The Ray Township real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 22
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Ray 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ray Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Ray Township in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ray Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days8 Days-75.0%

Summary: Homes in Ray Township had an average of 8 days on market in Oct 2024, down by 75% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Ray Township; 100% 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.

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 Ray Township, IN

Nearby Markets to Ray Township, IN

What housing markets are near Ray Township, IN?