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 Last Month

Since last month, 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

$300,000

$147/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$36,500(+13.9%)

Key Takeaway

Homes in Union Township have sold for 13.9% more than they did a month ago.

Summary: The median home sold price in Union Township was $300,000 in November 2024, up 13.9% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$325K
N/A
3 $180K$275K
+52.8%
4 $325K-
N/A
5+ --
N/A

Summary: Union 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 52.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union Township
+13.9%
Nappanee
+10.4%
New Paris
-23.6%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Union Township real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 34
+33.3%
4 31
-66.7%
5+ 00
0.0%

Summary: The Union 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Union Township in November 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Union Township, IN

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 4 homes were sold in Union Township; 25% of homes were sold within 30 days, 0% 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 18 Days Ago

Newest Listings in Union Township, IN

Nearby Markets to Union Township, IN

What housing markets are near Union Township, IN?