Is Union 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, Union Township has remained a Seller's Market.
Housing Prices in Union Township, IN
How much do homes in Union Township, IN cost?
Median Sold Price
$211,605
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union Township was $211,605 in May 2024, up 12.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $115K | N/A |
2 Bedrooms | $140K | $151.2K | +8.0% |
3 Bedrooms | $194K | $211.6K | +9.1% |
4 Bedrooms | $251.9K | $255K | +1.2% |
5+ Bedrooms | $217K | $41.5K | -80.9% |
Summary: Union Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 80.9%.
Median Sold Price Compared To Nearby Cities
Daleville | $133K | $279.5K | +110.2% |
Salem Township | $155K | $230K | +48.4% |
Anderson | $135.6K | $158.6K | +16.9% |
Union Township | $188K | $211.6K | +12.6% |
Housing Supply in Union Township, IN
How many homes are available in Union Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 39 | +5.4% |
Summary: The Union Township real estate market had 39 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Union 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 increased by 33.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Union Township in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Union Township, IN
How long does it take to sell a home in Union Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 23 Days | -21.5% |
Summary: Homes in Union Township had an average of 23 days on market in May 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Union Township; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.