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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rushville Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Rushville Township, IN

How much do homes in Rushville Township, IN cost?

Median Sold Price

$141,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$9,000(-6.0%)

Key Takeaway

Homes in Rushville Township have sold for 6% less than they did a year ago.

Summary: The median home sold price in Rushville Township was $141,000 in May 2024, down 6% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $105K$92.5K
-11.9%
3 $156K$178.3K
+14.3%
4 $172.2K$222.4K
+29.1%
5+ $260K$415K
+59.6%

Summary: Rushville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 59.6%.

Median Sold Price Compared To Nearby Cities

Rushville
-2.8%
Anderson Township
-3.8%
Rushville Township
-6.0%

Housing Supply in Rushville Township, IN

How many homes are available in Rushville Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3835-7.9%

Summary: The Rushville Township real estate market had 35 homes for sale in May 2024, a 7.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1717
0.0%
4 119
-18.2%
5+ 33
0.0%

Summary: The Rushville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rushville Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rushville Township in May 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Rushville Township, IN

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

Average Sale Time

May 2023May 2024CHANGE
17 Days50 Days+196.9%

Summary: Homes in Rushville Township had an average of 50 days on market in May 2024, up by 196.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Rushville Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in Rushville Township, IN

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