$2,369 Closing Credit*
$199,500
1,583 SqFt
4 Beds
•2 Full Baths
Daniel Oien, Listing Office: First Choice Real Estate LLC
Is Farmington Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Farmington Township has remained a Seller's Market.
Key Takeaway
Farmington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmington Township, IA
How much do homes in Farmington Township, IA cost?
Median Sold Price
$200,000
$128/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$50,000(-20.0%)
Key Takeaway
Homes in Farmington Township have sold for 20% less than they did a month ago.
Summary: The median home sold price in Farmington Township was $200,000 in November 2024, down 20% from last month, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | - | N/A |
| 3 Bedrooms | $270K | $200K | -25.9% |
| 4 Bedrooms | $250K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Farmington 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 did not change, 3 bedroom homes decreased by 25.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wilton | $168K | $210K | +25.0% |
| Wilton | $168K | $210K | +25.0% |
| Farmington Township | $250K | $200K | -20.0% |
| Durant | $250K | $200K | -20.0% |
Housing Supply in Farmington Township, IA
How many homes are available in Farmington Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Farmington Township real estate market had 3 homes for sale in November 2024, a 40.0% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Farmington 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmington Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Farmington Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Farmington Township, IA
How long does it take to sell a home in Farmington Township, IA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 121 Days | +764.3% |
Summary: Homes in Farmington Township had an average of 121 days on market in Nov 2024, up by 764.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Farmington Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Farmington Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.