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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thorncreek Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Thorncreek Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Thorncreek Township, IN

How much do homes in Thorncreek Township, IN cost?

Median Sold Price

$449,000

$167/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$96,500(+27.4%)

Key Takeaway

Homes in Thorncreek Township have sold for 27.4% more than they did a month ago.

Summary: The median home sold price in Thorncreek Township was $449,000 in October 2024, up 27.4% from last month, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$170K
N/A
3 $352.5K$465K
+31.9%
4 -$504K
N/A
5+ --
N/A

Summary: Thorncreek 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 31.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Smith Township
+50.1%
Thorncreek Township
+27.4%
Etna-Troy Township
+11.1%
Columbia Township
-0.7%
Noble Township
-45.2%

Housing Supply in Thorncreek Township, IN

How many homes are available in Thorncreek Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1923+21.1%

Summary: The Thorncreek Township real estate market had 23 homes for sale in October 2024, a 21.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1215
+25.0%
4 66
0.0%
5+ 01
+100.0%

Summary: The Thorncreek 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thorncreek Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Thorncreek Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Thorncreek 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 16 Days Ago

Newest Listings in Thorncreek Township, IN

Nearby Markets to Thorncreek Township, IN

What housing markets are near Thorncreek Township, IN?