Is Hamblen 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, Hamblen Township has remained a Seller's Market.
Housing Prices in Hamblen Township, IN
How much do homes in Hamblen Township, IN cost?
Median Sold Price
$400,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamblen Township was $400,000 in May 2024, down 8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $531.5K | $451K | -15.1% |
2 Bedrooms | $534.9K | $445K | -16.8% |
3 Bedrooms | $330K | $360K | +9.1% |
4 Bedrooms | $408.7K | $1.1M | +189.9% |
5+ Bedrooms | - | - | N/A |
Summary: Hamblen Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 189.9%, 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% |
Princes Lakes | $235K | $275K | +17.0% |
Hamblen Township | $435K | $400K | -8.0% |
Nineveh | $355K | $318.5K | -10.3% |
Housing Supply in Hamblen Township, IN
How many homes are available in Hamblen Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The Hamblen Township real estate market had 39 homes for sale in May 2024, a 2.5% decrease 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 | 22 | 17 | -22.7% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hamblen 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 decreased by 22.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Hamblen Township in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Hamblen Township, IN
How long does it take to sell a home in Hamblen Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 62 Days | +302.6% |
Summary: Homes in Hamblen Township had an average of 62 days on market in May 2024, up by 302.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Hamblen Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.