Is Indiana Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indiana Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Indiana Township, PA

How much do homes in Indiana Township, PA cost?

Median Sold Price

$239,681

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,181(+18.4%)

Key Takeaway

Homes in Indiana Township have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in Indiana Township was $239,681 in October 2024, up 18.4% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $128K$126K
-1.6%
3 $186.2K$215K
+15.4%
4 $285K$339.5K
+19.1%
5+ $391K$432K
+10.5%

Summary: Indiana Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Indiana Township
+18.4%
O'Hara Township
+12.8%
Fox Chapel
+11.9%

Housing Supply in Indiana Township, PA

How many homes are available in Indiana Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9196+5.5%

Summary: The Indiana Township real estate market had 96 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1414
0.0%
3 4248
+14.3%
4 2521
-16.0%
5+ 1012
+20.0%

Summary: The Indiana Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1922+15.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indiana Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Indiana Township in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Indiana Township, PA

How long does it take to sell a home in Indiana Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days70 Days+48.3%

Summary: Homes in Indiana Township had an average of 70 days on market in Oct 2024, up by 48.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in Indiana Township; 59% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 27% 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 Indiana Township, PA

Nearby Markets to Indiana Township, PA

What housing markets are near Indiana Township, PA?