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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spencer Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Spencer Township, IN

How much do homes in Spencer Township, IN cost?

Median Sold Price

$336,450

$181/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$61,450(+22.3%)

Key Takeaway

Homes in Spencer Township have sold for 22.3% more than they did a month ago.

Summary: The median home sold price in Spencer Township was $336,450 in November 2024, up 22.3% from last month, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $265K-
N/A
2 $94.9K$162.5K
+71.1%
3 $275K$318K
+15.6%
4 $405K$462.5K
+14.2%
5+ --
N/A

Summary: Spencer 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 increased by 71.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes did not change.

Housing Supply in Spencer Township, IN

How many homes are available in Spencer Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6463-1.6%

Summary: The Spencer Township real estate market had 63 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1716
-5.9%
3 2831
+10.7%
4 1411
-21.4%
5+ 23
+50.0%

Summary: The Spencer Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spencer Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Spencer Township in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.

Days on Market for Spencer Township, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
42 Days44 Days+4.8%

Summary: Homes in Spencer Township had an average of 44 days on market in Nov 2024, up by 4.8% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spencer Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in Spencer Township; 31% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

Newest Listings in Spencer Township, IN

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