$2,434 Closing Credit*
$205,000
884 SqFt
2 Beds
•1 Full Bath
Robert Strupp, Listing Office: Home Marketor, Inc.
Is De Witt, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, De Witt was a Seller's Market.
Key Takeaway
De Witt 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 De Witt, IA
How much do homes in De Witt, IA cost?
Median Sold Price
$195,000
$131/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$62,450(-24.3%)
Key Takeaway
Homes in De Witt have sold for 24.3% less than they did a month ago.
Summary: The median home sold price in De Witt was $195,000 in November 2024, down 24.3% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $134.9K | -42.6% |
| 3 Bedrooms | $222K | $195K | -12.2% |
| 4 Bedrooms | $265K | $277.5K | +4.7% |
| 5+ Bedrooms | $570K | - | N/A |
Summary: De Witt housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.6%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| De Witt | $257.4K | $195K | -24.3% |
| De Witt Township | $257.4K | $195K | -24.3% |
Housing Supply in De Witt, IA
How many homes are available in De Witt, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 18 | -33.3% |
Summary: The De Witt real estate market had 18 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The De Witt housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in De Witt, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in De Witt in November 2024, down by 75.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for De Witt, IA
How long does it take to sell a home in De Witt, IA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +100.0% |
Summary: Homes in De Witt had an average of 26 days on market in Nov 2024, up by 100% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in De Witt are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in De Witt; 67% of homes were sold within 30 days, 33% 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.