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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Vernon Township, IN

How much do homes in Vernon Township, IN cost?

Median Sold Price

$235,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,000(-0.8%)

Key Takeaway

Homes in Vernon Township have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Vernon Township was $235,000 in November 2024, down 0.8% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $120K$100K
-16.7%
2 $245K$55K
-77.6%
3 $213K$237K
+11.3%
4 $281.2K$257.2K
-8.5%
5+ $442.5K$478K
+8.0%

Summary: Vernon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 77.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Center Township
+12.8%
North Vernon
+12.7%
Vernon Township
-0.8%

Housing Supply in Vernon Township, IN

How many homes are available in Vernon Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107-30.0%

Summary: The Vernon Township real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 54
-20.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Vernon 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 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 - buyer50%25%25%

Key Takeaway

If you're buying a home in Vernon 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 Vernon Township in November 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 Vernon Township, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days21 Days+7.5%

Summary: Homes in Vernon Township had an average of 21 days on market in Nov 2024, up by 7.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times75%25%

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Vernon Township; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

Newest Listings in Vernon Township, IN

Nearby Markets to Vernon Township, IN