Is Four Mile Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Four Mile Township was a Neutral Market.
Key Takeaway
Four Mile Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Four Mile Township, IA
How much do homes in Four Mile Township, IA cost?
Median Sold Price
$298,650
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Four Mile Township has remained the same since last year.
Summary: The median home sold price in Four Mile Township was $298,650 in May 2024, up 0.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198K | $207K | +4.5% |
| 3 Bedrooms | $285.1K | $289.9K | +1.7% |
| 4 Bedrooms | $375K | $376K | 0.3% |
| 5+ Bedrooms | $434K | $496.5K | +14.4% |
Summary: Four Mile 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 4.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Lee Township | $170.1K | $184K | +8.1% |
| Clay Township | $299.9K | $315K | +5.0% |
| Allen Township | $320K | $328.9K | +2.8% |
| Pleasant Hill | $301K | $308.5K | +2.5% |
| Four Mile Township | $297.2K | $298.6K | 0.5% |
Housing Supply in Four Mile Township, IA
How many homes are available in Four Mile Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 79 | -15.1% |
Summary: The Four Mile Township real estate market had 79 homes for sale in May 2024, a 15.1% decrease 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 49 | 42 | -14.3% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Four Mile 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 decreased by 8.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Four Mile Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Four Mile Township in May 2024, the same as the previous month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.
Days on Market for Four Mile Township, IA
How long does it take to sell a home in Four Mile Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 73 Days | +67.8% |
Summary: Homes in Four Mile Township had an average of 73 days on market in May 2024, up by 67.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Four Mile Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Four Mile Township; 62% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
