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 Last Month

Since last month, Ray Township has remained a Seller's 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

$550,000

$210/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$385,000(+233.3%)

Key Takeaway

Homes in Ray Township have sold for 233.3% more than they did a month ago.

Summary: The median home sold price in Ray Township was $550,000 in October 2024, up 233.3% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $165K-
N/A
4 -$550K
N/A
5+ --
N/A

Summary: Ray Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ray Township
+233.3%
Ashland Township
-28.2%

Housing Supply in Ray Township, IN

How many homes are available in Ray Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The Ray Township real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 22
0.0%
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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 2 homes were sold or pending in Ray Township in October 2024, the same as the previous 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 Ray Township, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
54 Days11 Days-79.6%

Summary: Homes in Ray Township had an average of 11 days on market in Oct 2024, down by 79.6% compared to last month.

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, 2 homes were sold in Ray 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Ray Township, IN

Nearby Markets to Ray Township, IN

What housing markets are near Ray Township, IN?