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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wea Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wea Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wea Township, IN

How much do homes in Wea Township, IN cost?

Median Sold Price

$266,600

$172/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$4,400(-1.6%)

Key Takeaway

Homes in Wea Township have sold for 1.6% less than they did a month ago.

Summary: The median home sold price in Wea Township was $266,600 in December 2024, down 1.6% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $135K$145K
+7.4%
3 $265K$253K
-4.5%
4 $407.4K$319.5K
-21.6%
5+ $489.9K-
N/A

Summary: Wea Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wea Township
-1.6%
Fairfield Township
-2.3%
Lafayette
-9.6%
Perry Township
-38.7%
Sheffield Township
-42.4%

Housing Supply in Wea Township, IN

How many homes are available in Wea Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9591-4.2%

Summary: The Wea Township real estate market had 91 homes for sale in December 2024, a 4.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 6658
-12.1%
4 2121
0.0%
5+ 55
0.0%

Summary: The Wea Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
29290.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer38%34%28%

Key Takeaway

If you're buying a home in Wea Township, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Wea Township in December 2024, the same as the previous month. Of the 29 sold homes, 34% were sold under asking, 28% were sold at asking, and 38% were sold over asking.

Days on Market for Wea Township, IN

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

Average Sale Time

Nov 2024Dec 2024CHANGE
6 Days19 Days+192.3%

Summary: Homes in Wea Township had an average of 19 days on market in Dec 2024, up by 192.3% compared to last month.

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 Times100%

Key Takeaway

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

Summary: During December 2024, 29 homes were sold in Wea Township; 3% 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 7 Days Ago

Newest Listings in Wea Township, IN

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