Is Allen Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allen Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Allen Township was a Buyer's Market.

Key Takeaway

Allen Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Allen Township, IA

How much do homes in Allen Township, IA cost?

Median Sold Price

$331,500

$190/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$26,500(+8.7%)

Key Takeaway

Homes in Allen Township have sold for 8.7% more than they did a month ago.

Summary: The median home sold price in Allen Township was $331,500 in October 2024, up 8.7% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $305K$330.9K
+8.5%
4 -$331.5K
N/A
5+ --
N/A

Summary: Allen Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Allen Township, IA

How many homes are available in Allen Township, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1519+26.7%

Summary: The Allen Township real estate market had 19 homes for sale in October 2024, a 26.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 811
+37.5%
4 78
+14.3%
5+ 00
0.0%

Summary: The Allen Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allen Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Allen Township in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Allen Township, IA

How long does it take to sell a home in Allen Township, IA?

Average Sale Time

Sep 2024Oct 2024CHANGE
20 Days26 Days+31.7%

Summary: Homes in Allen Township had an average of 26 days on market in Oct 2024, up by 31.7% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Allen Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Allen 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Allen Township, IA

Nearby Markets to Allen Township, IA

What housing markets are near Allen Township, IA?