$2,374 Closing Credit*
$199,900
858 SqFt
3 Beds
•2 Full Baths
Bethards, Lindsay, Listing Office: Realty ONE Group Impact
Is Independence 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, Independence Township was a Seller's Market.
Key Takeaway
Independence Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Independence Township, IA
How much do homes in Independence Township, IA cost?
Median Sold Price
$174,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,900(-13.0%)
Key Takeaway
Homes in Independence Township have sold for 13% less than they did a year ago.
Summary: The median home sold price in Independence Township was $174,000 in October 2024, down 13% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | - | N/A |
| 2 Bedrooms | $135K | $167K | +23.7% |
| 3 Bedrooms | $203.2K | $205K | +0.9% |
| 4 Bedrooms | $210K | $197.4K | -6.0% |
| 5+ Bedrooms | $261.9K | $175K | -33.2% |
Summary: Independence 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 increased by 23.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 33.2%.
Median Sold Price Compared To Nearby Cities
| Baxter | $200K | $214.9K | +7.5% |
| Independence Township | $199.9K | $174K | -13.0% |
Housing Supply in Independence Township, IA
How many homes are available in Independence Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Independence Township real estate market had 15 homes for sale in October 2024, a 11.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Independence 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Independence Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Independence Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Independence Township, IA
How long does it take to sell a home in Independence Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 26 Days | +783.3% |
Summary: Homes in Independence Township had an average of 26 days on market in Oct 2024, up by 783.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Independence Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Independence Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.