Is Washington 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, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, IN
How much do homes in Washington Township, IN cost?
Median Sold Price
$325,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington Township was $325,000 in May 2024, up 3.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $90K | -41.9% |
2 Bedrooms | $259K | $247.9K | -4.3% |
3 Bedrooms | $275K | $295K | +7.3% |
4 Bedrooms | $365K | $366K | 0.3% |
5+ Bedrooms | $440K | $446K | +1.4% |
Summary: Washington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $305.4K | $322.4K | +5.5% |
Wayne Township | $185.1K | $194.8K | +5.2% |
Washington Township | $314.3K | $325K | +3.4% |
Avon | $325K | $334.9K | +3.1% |
Plainfield | $310K | $313.8K | +1.2% |
Housing Supply in Washington Township, IN
How many homes are available in Washington Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
246 | 268 | +8.9% |
Summary: The Washington Township real estate market had 268 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 27 | +17.4% |
3 Bedrooms | 118 | 121 | +2.5% |
4 Bedrooms | 82 | 88 | +7.3% |
5+ Bedrooms | 23 | 31 | +34.8% |
Summary: The Washington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 34.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 71 | +14.5% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Washington Township in May 2024, up by 14.5% month-over-month. Of the 71 sold homes, 52% were sold under asking, 28% were sold at asking, and 20% were sold over asking.
Days on Market for Washington Township, IN
How long does it take to sell a home in Washington Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 16 Days | -28.7% |
Summary: Homes in Washington Township had an average of 16 days on market in May 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Washington Township; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.