$4,150 Closing Credit*
$349,500
2,328 SqFt
4 Beds
•3 Full Baths
Shawna Burrow, Listing Office: NextHome QC Realty
Is Buffalo Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Buffalo Township was a Seller's Market.
Key Takeaway
Buffalo Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Buffalo Township, IA
How much do homes in Buffalo Township, IA cost?
Median Sold Price
$307,500
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,250(+15.5%)
Key Takeaway
Homes in Buffalo Township have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Buffalo Township was $307,500 in October 2024, up 15.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126K | $220.2K | +74.8% |
| 3 Bedrooms | $195.5K | $306.4K | +56.7% |
| 4 Bedrooms | $325K | $320K | -1.5% |
| 5+ Bedrooms | $384K | $360K | -6.3% |
Summary: Buffalo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.8%, 3 bedroom homes increased by 56.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Buffalo Township | $266.2K | $307.5K | +15.5% |
| Blue Grass Township | $275K | $278.3K | +1.2% |
| Andalusia Township | $239.9K | $236.5K | -1.4% |
Housing Supply in Buffalo Township, IA
How many homes are available in Buffalo Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Buffalo Township real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Buffalo 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 decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Buffalo Township in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Buffalo Township, IA
How long does it take to sell a home in Buffalo Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 30 Days | +454.5% |
Summary: Homes in Buffalo Township had an average of 30 days on market in Oct 2024, up by 454.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buffalo Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Buffalo Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.