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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Richland Township was a Seller's Market.

Key Takeaway

Richland Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Richland Township, IN

How much do homes in Richland Township, IN cost?

Median Sold Price

$129,900

$92/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$288,850(-69.0%)

Key Takeaway

Homes in Richland Township have sold for 69% less than they did a month ago.

Summary: The median home sold price in Richland Township was $129,900 in December 2024, down 69% from last month, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$144.9K
N/A
3 $557.5K-
N/A
4 $203K-
N/A
5+ -$60K
N/A

Summary: Richland Township housing prices by bedroom type for December 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

Bloomfield
-63.2%
Richland Township
-69.0%

Housing Supply in Richland Township, IN

How many homes are available in Richland Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2322-4.3%

Summary: The Richland Township real estate market had 22 homes for sale in December 2024, a 4.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1110
-9.1%
4 55
0.0%
5+ 22
0.0%

Summary: The Richland Township housing inventory by bedroom type for December 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 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Richland Township in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Richland Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 4 Days Ago

Newest Listings in Richland Township, IN

Nearby Markets to Richland Township, IN