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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Union Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Union Township, IN

How much do homes in Union Township, IN cost?

Median Sold Price

$195,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,000(+14.0%)

Key Takeaway

Homes in Union Township have sold for 14% more than they did a year ago.

Summary: The median home sold price in Union Township was $195,500 in October 2024, up 14% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $61.2K$107K
+74.7%
2 $150.4K$155K
+3.0%
3 $172K$212K
+23.3%
4 $216.5K$250.9K
+15.9%
5+ $200K$352K
+76.0%

Summary: Union Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 76%.

Median Sold Price Compared To Nearby Cities

Crawfordsville
+17.3%
Union Township
+14.0%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119138+16.0%

Summary: The Union Township real estate market had 138 homes for sale in October 2024, a 16.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2930
+3.4%
3 5972
+22.0%
4 2230
+36.4%
5+ 96
-33.3%

Summary: The Union 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 3.4%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Union Township in October 2024, up by 8.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Union Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days22 Days+53.7%

Summary: Homes in Union Township had an average of 22 days on market in Oct 2024, up by 53.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 26 homes were sold in Union Township; 77% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in Union Township, IN

Nearby Markets to Union Township, IN

What housing markets are near Union Township, IN?