Is Jackson 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, Jackson Township has remained a Seller's Market.
Housing Prices in Jackson Township, IN
How much do homes in Jackson Township, IN cost?
Median Sold Price
$356,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson Township was $356,000 in May 2024, up 24.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $224.9K | -12.5% |
2 Bedrooms | $295K | $410K | +39.0% |
3 Bedrooms | $285K | $336.1K | +18.0% |
4 Bedrooms | $462.5K | $340K | -26.5% |
5+ Bedrooms | $1.1M | - | N/A |
Summary: Jackson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Morgantown | $265K | $336.1K | +26.9% |
Jackson Township | $285K | $356K | +24.9% |
Jackson Township | $309.9K | $345K | +11.3% |
Housing Supply in Jackson Township, IN
How many homes are available in Jackson Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Jackson Township real estate market had 28 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jackson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Jackson Township in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for Jackson Township, IN
How long does it take to sell a home in Jackson Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 77 Days | +1450.0% |
Summary: Homes in Jackson Township had an average of 77 days on market in May 2024, up by 1450% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Jackson Township; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.