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 neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Union Township has remained a Neutral Market.

Key Takeaway

Union Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Union Township, IN

How much do homes in Union Township, IN cost?

Median Sold Price

$317,500

$182/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$290,000(-47.7%)

Key Takeaway

Homes in Union Township have sold for 47.7% less than they did a month ago.

Summary: The median home sold price in Union Township was $317,500 in October 2024, down 47.7% from last month, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $286.5K$250K
-12.7%
3 -$200K
N/A
4 $607.5K$445K
-26.7%
5+ $1.2M-
N/A

Summary: Union 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 12.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Green Township
+84.4%
Union Township
-47.7%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2725-7.4%

Summary: The Union Township real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 69
+50.0%
4 1411
-21.4%
5+ 54
-20.0%

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 decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

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 Union 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 Union Township in October 2024, the same as the previous 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 Union Township, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
84 Days48 Days-43.2%

Summary: Homes in Union Township had an average of 48 days on market in Oct 2024, down by 43.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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, 4 homes were sold in Union Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 16 Days Ago

Newest Listings in Union Township, IN

Nearby Markets to Union Township, IN

What housing markets are near Union Township, IN?