$2,196 Closing Credit*
$184,900
1,593 SqFt
3 Beds
•1 Full Bath
Jane Mason, Listing Office: Ruhl&Ruhl REALTORS DeWitt
Is De Witt, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, De Witt has remained a Seller's Market.
Key Takeaway
De Witt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Witt, IA
How much do homes in De Witt, IA cost?
Median Sold Price
$245,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+9.6%)
Key Takeaway
Homes in De Witt have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in De Witt was $245,000 in October 2024, up 9.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.1K | $229K | +23.0% |
| 3 Bedrooms | $199K | $225K | +13.1% |
| 4 Bedrooms | $245K | $257.4K | +5.1% |
| 5+ Bedrooms | $260K | $435K | +67.3% |
Summary: De Witt 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 23%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 67.3%.
Median Sold Price Compared To Nearby Cities
| De Witt | $223.5K | $245K | +9.6% |
| De Witt Township | $225K | $245K | +8.9% |
Housing Supply in De Witt, IA
How many homes are available in De Witt, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The De Witt real estate market had 27 homes for sale in October 2024, a 35.0% increase 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The De Witt 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 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 12 | +500.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Witt, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in De Witt in October 2024, up by 500.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 13 Days | -33.3% |
Summary: Homes in De Witt had an average of 13 days on market in Oct 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
11 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 October 2024, 12 homes were sold in De Witt; 92% of homes were sold within 30 days, 8% 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.