Is Richland Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Richland Township was a Buyer's Market.
Housing Prices in Richland Township, IN
How much do homes in Richland Township, IN cost?
Median Sold Price
$379,500
$168/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Richland Township was $379,500 in May 2024, down 0.1% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $319.9K | $377K | +17.8% |
4 Bedrooms | $439.9K | $407.7K | -7.3% |
5+ Bedrooms | - | - | N/A |
Summary: Richland Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bloomington Township | $297.9K | $349.9K | +17.5% |
Bloomington | $297.9K | $349.9K | +17.5% |
Richland Township | $379.9K | $379.5K | -0.1% |
Ellettsville | $389K | $360K | -7.5% |
Housing Supply in Richland Township, IN
How many homes are available in Richland Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 44 | +91.3% |
Summary: The Richland Township real estate market had 44 homes for sale in May 2024, a 91.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 28 | +133.3% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Richland 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 remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 14 | +600.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Richland Township in May 2024, up by 600.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Richland Township, IN
How long does it take to sell a home in Richland Township, IN?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 Days | 24 Days | +118.2% |
Summary: Homes in Richland Township had an average of 24 days on market in May 2024, up by 118.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Richland Township; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.