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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Washington Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Washington Township, IN

How much do homes in Washington Township, IN cost?

Median Sold Price

$222,700

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,450(-8.4%)

Key Takeaway

Homes in Washington Township have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Washington Township was $222,700 in October 2024, down 8.4% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $88K$105K
+19.3%
2 $158.5K$159K
0.3%
3 $225K$225K
0.0%
4 $345K$278K
-19.4%
5+ $492K$330K
-32.9%

Summary: Washington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 32.9%.

Median Sold Price Compared To Nearby Cities

Clay Township
+24.7%
Martinsville
+5.8%
Washington Township
-8.4%

Housing Supply in Washington Township, IN

How many homes are available in Washington Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165171+3.6%

Summary: The Washington Township real estate market had 171 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 2332
+39.1%
3 8288
+7.3%
4 3728
-24.3%
5+ 1918
-5.3%

Summary: The Washington Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3239+21.9%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Washington Township in October 2024, up by 21.9% month-over-month. Of the 35 sold homes, 77% were sold under asking, 20% were sold at asking, and 3% were sold over asking.

Days on Market for Washington Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days55 Days+12.9%

Summary: Homes in Washington Township had an average of 55 days on market in Oct 2024, up by 12.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 39 homes were sold in Washington Township; 21% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% 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 Washington Township, IN

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