Is Nevada Township, IA 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, Nevada Township has remained a Seller's Market.
Key Takeaway
Nevada Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nevada Township, IA
How much do homes in Nevada Township, IA cost?
Median Sold Price
$214,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nevada Township have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Nevada Township was $214,000 in May 2024, up 4.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.9K | $163.5K | -3.8% |
| 3 Bedrooms | $199K | $225K | +13.1% |
| 4 Bedrooms | $272.5K | $250K | -8.3% |
| 5+ Bedrooms | $65K | $390K | +500.0% |
Summary: Nevada 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 3.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 500%.
Median Sold Price Compared To Nearby Cities
| Nevada Township | $204K | $214K | +4.9% |
| Nevada | $204K | $214K | +4.9% |
Housing Supply in Nevada Township, IA
How many homes are available in Nevada Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Nevada Township real estate market had 20 homes for sale in May 2024, a 5.3% 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 | 4 | -33.3% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Nevada 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 33.3%, 3 bedroom homes increased by 85.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nevada Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Nevada Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Nevada Township, IA
How long does it take to sell a home in Nevada Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 28 Days | +375.0% |
Summary: Homes in Nevada Township had an average of 28 days on market in May 2024, up by 375% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Nevada Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Nevada Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
