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

$275,000

$139/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$34,750(-11.2%)

Key Takeaway

Homes in Spencer Township have sold for 11.2% less than they did a month ago.

Summary: The median home sold price in Spencer Township was $275,000 in October 2024, down 11.2% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$265K
N/A
2 $274.9K$94.9K
-65.5%
3 $277.5K$275K
-0.9%
4 $360K$405K
+12.5%
5+ --
N/A

Summary: Spencer 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 decreased by 65.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Spencerville
+89.1%
Spencer Township
-11.2%
Springfield Township
-46.1%

Housing Supply in Spencer Township, IN

How many homes are available in Spencer Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7166-7.0%

Summary: The Spencer Township real estate market had 66 homes for sale in October 2024, a 7.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1718
+5.9%
3 2829
+3.6%
4 2114
-33.3%
5+ 22
0.0%

Summary: The Spencer 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 5.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18180.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 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. 58.8% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Spencer Township in October 2024, the same as the previous month. Of the 17 sold homes, 59% were sold under asking, 41% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
37 Days42 Days+15.8%

Summary: Homes in Spencer Township had an average of 42 days on market in Oct 2024, up by 15.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spencer Township has remained consistent over time.

Summary: During October 2024, 18 homes were sold in Spencer Township; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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

Nearby Markets to Spencer Township, IN