Is Center Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Center Township has remained a Seller's Market.
Housing Prices in Center Township, IN
How much do homes in Center Township, IN cost?
Median Sold Price
$279,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Center Township was $279,900 in May 2024, up 1.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $87.5K | -27.7% |
2 Bedrooms | $188.5K | $213.5K | +13.3% |
3 Bedrooms | $250K | $266.5K | +6.6% |
4 Bedrooms | $305.5K | $317.9K | +4.1% |
5+ Bedrooms | $451.4K | $444.9K | -1.4% |
Summary: Center Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Union Township | $290K | $335K | +15.5% |
Danville | $275K | $289.9K | +5.5% |
Middle Township | $335K | $350K | +4.5% |
Washington Township | $314.3K | $325K | +3.4% |
Center Township | $276.5K | $279.9K | +1.2% |
Housing Supply in Center Township, IN
How many homes are available in Center Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 56 | -11.1% |
Summary: The Center Township real estate market had 56 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 28 | 21 | -25.0% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Center 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 37.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 14 | -44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Center Township in May 2024, down by 44.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Center Township, IN
How long does it take to sell a home in Center Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +30.4% |
Summary: Homes in Center Township had an average of 39 days on market in May 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Center Township; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.