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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, Richland Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Richland Township, IN

How much do homes in Richland Township, IN cost?

Median Sold Price

$155,000

$129/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,000(+19.2%)

Key Takeaway

Homes in Richland Township have sold for 19.2% more than they did a month ago.

Summary: The median home sold price in Richland Township was $155,000 in October 2024, up 19.2% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $130K$138.5K
+6.5%
4 --
N/A
5+ --
N/A

Summary: Richland 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 increased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland Township
+19.2%
Bloomfield
-43.6%

Housing Supply in Richland Township, IN

How many homes are available in Richland Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The Richland Township real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 1211
-8.3%
4 33
0.0%
5+ 11
0.0%

Summary: The Richland 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 133.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Richland Township in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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 22 Days Ago

Newest Listings in Richland Township, IN

Nearby Markets to Richland Township, IN