$3,586 Closing Credit*
$302,000
1,558 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kelly Glawe, Listing Office: Iowa Realty South
Is Four Mile 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, Four Mile Township was a Seller's Market.
Key Takeaway
Four Mile Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Four Mile Township, IA
How much do homes in Four Mile Township, IA cost?
Median Sold Price
$306,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+5.5%)
Key Takeaway
Homes in Four Mile Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Four Mile Township was $306,000 in October 2024, up 5.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $218.7K | -4.9% |
| 3 Bedrooms | $280K | $283.5K | +1.3% |
| 4 Bedrooms | $375K | $382.5K | +2.0% |
| 5+ Bedrooms | $399.9K | $480.5K | +20.1% |
Summary: Four Mile 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 decreased by 4.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Lee Township | $171.8K | $189.9K | +10.5% |
| Pleasant Hill | $295K | $325K | +10.2% |
| Four Mile Township | $290K | $306K | +5.5% |
| Clay Township | $305.9K | $317.6K | +3.8% |
Housing Supply in Four Mile Township, IA
How many homes are available in Four Mile Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 71 | +18.3% |
Summary: The Four Mile Township real estate market had 71 homes for sale in October 2024, a 18.3% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 31 | 38 | +22.6% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Four Mile 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 increased by 10%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Four Mile Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Four Mile Township in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Four Mile Township, IA
How long does it take to sell a home in Four Mile Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 55 Days | +86.5% |
Summary: Homes in Four Mile Township had an average of 55 days on market in Oct 2024, up by 86.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Four Mile Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Four Mile Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
