$711 Closing Credit*
$59,900
1,869 SqFt
3 Beds
•2 Full Baths
Steffanie Hensley, Listing Office: RE/MAX At The Crossing
Is Salem Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Salem Township was a Neutral Market.
Key Takeaway
Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salem Township, IN
How much do homes in Salem Township, IN cost?
Median Sold Price
$236,950
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,950(+48.1%)
Key Takeaway
Homes in Salem Township have sold for 48.1% more than they did a year ago.
Summary: The median home sold price in Salem Township was $236,950 in October 2024, up 48.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $51K | +27.5% |
| 2 Bedrooms | $94.9K | $104.9K | +10.5% |
| 3 Bedrooms | $159.9K | $239.9K | +50.0% |
| 4 Bedrooms | $295K | $280K | -5.1% |
| 5+ Bedrooms | $247K | $400K | +61.9% |
Summary: Salem Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 61.9%.
Median Sold Price Compared To Nearby Cities
| Daleville | $159.9K | $239.9K | +50.0% |
| Salem Township | $160K | $236.9K | +48.1% |
| Chesterfield | $124.3K | $150K | +20.6% |
| Mount Pleasant Township | $212.5K | $253K | +19.1% |
Housing Supply in Salem Township, IN
How many homes are available in Salem Township, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Salem Township real estate market had 36 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Salem 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salem Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Salem Township in October 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Salem Township, IN
How long does it take to sell a home in Salem Township, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +55.6% |
Summary: Homes in Salem Township had an average of 18 days on market in Oct 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salem Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Salem Township; 43% 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.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.