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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing De Witt Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, De Witt Township was a Seller's Market.

Key Takeaway

De Witt 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 De Witt Township, IA

How much do homes in De Witt Township, 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 Township have sold for 24.3% less than they did a month ago.

Summary: The median home sold price in De Witt Township 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

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $235K$134.9K
-42.6%
3 $222K$195K
-12.2%
4 $265K$277.5K
+4.7%
5+ $570K-
N/A

Summary: De Witt Township 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 Township
-24.3%
De Witt
-24.3%
Butler Township
-32.7%

Housing Supply in De Witt Township, IA

How many homes are available in De Witt Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2718-33.3%

Summary: The De Witt Township 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

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 98
-11.1%
4 127
-41.7%
5+ 11
0.0%

Summary: The De Witt Township 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 2024Nov 2024CHANGE
123-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in De Witt Township, 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 Township 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 Township, IA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days26 Days+100.0%

Summary: Homes in De Witt Township 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in De Witt Township; 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.

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 De Witt Township, IA

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