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 November 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

$213,210

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,210(+10.5%)

Key Takeaway

Homes in Union Township have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Union Township was $213,210 in November 2024, up 10.5% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K-
N/A
2 $121.8K$151.2K
+24.1%
3 $186.5K$218K
+16.9%
4 $235K$293.5K
+24.9%
5+ $129.2K$332.4K
+157.2%

Summary: Union Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes increased by 157.2%.

Median Sold Price Compared To Nearby Cities

Daleville
+15.2%
Chesterfield
+13.2%
Union Township
+10.5%
Salem Township
+9.0%
Anderson
0.1%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4338-11.6%

Summary: The Union Township real estate market had 38 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 2821
-25.0%
4 56
+20.0%
5+ 01
+100.0%

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 decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Union Township in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
17 Days22 Days+32.1%

Summary: Homes in Union Township had an average of 22 days on market in Nov 2024, up by 32.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 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, 11 homes were sold in Union Township; 64% of homes were sold within 30 days, 18% 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?