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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clay Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Clay Township, IN

How much do homes in Clay Township, IN cost?

Median Sold Price

$527,828

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$52,845(+11.1%)

Key Takeaway

Homes in Clay Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Clay Township was $527,828 in May 2024, up 11.1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $173K$175K
+1.2%
2 $299.9K$330.8K
+10.3%
3 $392.3K$418.1K
+6.6%
4 $502.3K$555K
+10.5%
5+ $775K$850.6K
+9.8%

Summary: Clay Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

Clay Township
+11.1%
Carmel
+8.1%
Delaware Township
+4.5%
Fishers
+2.3%
Westfield
+1.3%

Housing Supply in Clay Township, IN

How many homes are available in Clay Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
363369+1.7%

Summary: The Clay Township real estate market had 369 homes for sale in May 2024, a 1.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 3945
+15.4%
3 139127
-8.6%
4 115123
+7.0%
5+ 6770
+4.5%

Summary: The Clay Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
123119-3.3%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clay Township, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 119 homes were sold or pending in Clay Township in May 2024, down by 3.3% month-over-month. Of the 119 sold homes, 41% were sold under asking, 19% were sold at asking, and 39% were sold over asking.

Days on Market for Clay Township, IN

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

Average Sale Time

May 2023May 2024CHANGE
13 Days23 Days+79.7%

Summary: Homes in Clay Township had an average of 23 days on market in May 2024, up by 79.7% compared to last year.

Breakdown of Home Sale Times

101 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 119 homes were sold in Clay Township; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in Clay Township, IN

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