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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Knoxville Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Knoxville Township was a Seller's Market.

Key Takeaway

Knoxville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Knoxville Township, IA

How much do homes in Knoxville Township, IA cost?

Median Sold Price

$203,637

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,687(+19.8%)

Key Takeaway

Homes in Knoxville Township have sold for 19.8% more than they did a year ago.

Summary: The median home sold price in Knoxville Township was $203,637 in October 2024, up 19.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K-
N/A
2 $115K$160K
+39.1%
3 $179.9K$217K
+20.6%
4 $274K$264.9K
-3.3%
5+ $341K$205.6K
-39.7%

Summary: Knoxville 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 39.1%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 39.7%.

Median Sold Price Compared To Nearby Cities

Knoxville
+20.2%
Knoxville Township
+19.8%

Housing Supply in Knoxville Township, IA

How many homes are available in Knoxville Township, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6167+9.8%

Summary: The Knoxville Township real estate market had 67 homes for sale in October 2024, a 9.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1417
+21.4%
3 2626
0.0%
4 1416
+14.3%
5+ 56
+20.0%

Summary: The Knoxville 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 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Knoxville Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Knoxville Township in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Knoxville Township, IA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days42 Days+307.6%

Summary: Homes in Knoxville Township had an average of 42 days on market in Oct 2024, up by 307.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Knoxville Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 Knoxville Township, IA

Nearby Markets to Knoxville Township, IA

What housing markets are near Knoxville Township, IA?