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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smith Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Smith Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Smith Township, IN

How much do homes in Smith Township, IN cost?

Median Sold Price

$349,900

$123/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$23,400(+7.2%)

Key Takeaway

Homes in Smith Township have sold for 7.2% more than they did a month ago.

Summary: The median home sold price in Smith Township was $349,900 in November 2024, up 7.2% from last month, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $502.5K-
N/A
3 $233K$288.9K
+24.0%
4 -$435K
N/A
5+ --
N/A

Summary: Smith Township housing prices by bedroom type for November 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 24%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thorncreek Township
+7.5%
Smith Township
+7.2%
Eel River Township
-15.6%
Churubusco
-45.5%
Green Township
-62.7%

Housing Supply in Smith Township, IN

How many homes are available in Smith Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1418+28.6%

Summary: The Smith Township real estate market had 18 homes for sale in November 2024, a 28.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 913
+44.4%
4 44
0.0%
5+ 01
+100.0%

Summary: The Smith Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smith Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Smith Township in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for Smith 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 17 Days Ago

Newest Listings in Smith Township, IN

Nearby Markets to Smith Township, IN

What housing markets are near Smith Township, IN?