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

At the same time last year, Union Township was a Neutral 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

$307,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$42,000(-12.0%)

Key Takeaway

Homes in Union Township have sold for 12% less than they did a year ago.

Summary: The median home sold price in Union Township was $307,000 in October 2024, down 12% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $250K$163K
-34.8%
3 $349K$350K
0.3%
4 $360K$305K
-15.3%
5+ $846K$350K
-58.6%

Summary: Union Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 58.6%.

Median Sold Price Compared To Nearby Cities

Middle Township
+5.3%
Union Township
-12.0%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23+50.0%

Summary: The Union Township real estate market had 3 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 13
+200.0%
4 10
-100.0%
5+ 00
0.0%

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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Union Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
41 Days4 Days-90.2%

Summary: Homes in Union Township had an average of 4 days on market in Oct 2024, down by 90.2% compared to last year.

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 October 2024, 1 homes were sold in Union Township; 100% 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 20 Days Ago

Newest Listings in Union Township, IN

Nearby Markets to Union Township, IN

What housing markets are near Union Township, IN?