Is Walnut 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, Walnut Township was a Seller's Market.
Housing Prices in Walnut Township, IA
How much do homes in Walnut Township, IA cost?
Median Sold Price
$409,974
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Walnut Township was $409,974 in May 2024, up 7.9% 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 | - | - | N/A |
2 Bedrooms | $211K | $208K | -1.4% |
3 Bedrooms | $320K | $308.6K | -3.6% |
4 Bedrooms | $419.9K | $454.9K | +8.3% |
5+ Bedrooms | $595K | $610K | +2.5% |
Summary: Walnut 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 decreased by 1.4%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in Walnut Township, IA
How many homes are available in Walnut Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
600 | 591 | -1.5% |
Summary: The Walnut Township real estate market had 591 homes for sale in May 2024, a 1.5% 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 | 52 | 46 | -11.5% |
3 Bedrooms | 172 | 178 | +3.5% |
4 Bedrooms | 219 | 221 | +0.9% |
5+ Bedrooms | 157 | 146 | -7.0% |
Summary: The Walnut 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 11.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 92 | +29.6% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Walnut Township in May 2024, up by 29.6% month-over-month. Of the 92 sold homes, 55% were sold under asking, 30% were sold at asking, and 14% were sold over asking.
Days on Market for Walnut Township, IA
How long does it take to sell a home in Walnut Township, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
76 Days | 79 Days | +3.2% |
Summary: Homes in Walnut Township had an average of 79 days on market in May 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During May 2024, 92 homes were sold in Walnut Township; 47% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.