$4,333 Closing Credit*
$364,900
1,172 SqFt
3 Beds
•1 Full Bath
Dianna Elder, Listing Office: Realty ONE Group Impact
Is Lake Prairie Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Prairie Township has remained a Seller's Market.
Key Takeaway
Lake Prairie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Prairie Township, IA
How much do homes in Lake Prairie Township, IA cost?
Median Sold Price
$354,500
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,500(+0.4%)
Key Takeaway
The sold price of homes in Lake Prairie Township has remained the same since last year.
Summary: The median home sold price in Lake Prairie Township was $354,500 in November 2024, up 0.4% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $235K | +80.8% |
| 2 Bedrooms | $330K | $240.7K | -27.0% |
| 3 Bedrooms | $295K | $323.7K | +9.7% |
| 4 Bedrooms | $377.8K | $375K | -0.8% |
| 5+ Bedrooms | $564.8K | $564K | -0.2% |
Summary: Lake Prairie Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.8%, 2 bedroom homes decreased by 27%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Pella | $355K | $356.7K | 0.5% |
| Lake Prairie Township | $353K | $354.5K | 0.4% |
Housing Supply in Lake Prairie Township, IA
How many homes are available in Lake Prairie Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 67 | -11.8% |
Summary: The Lake Prairie Township real estate market had 67 homes for sale in November 2024, a 11.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 28 | 22 | -21.4% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Lake Prairie 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Prairie Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lake Prairie Township in November 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Lake Prairie Township, IA
How long does it take to sell a home in Lake Prairie Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -6.0% |
Summary: Homes in Lake Prairie Township had an average of 20 days on market in Nov 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Prairie Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Lake Prairie Township; 73% of homes were sold within 30 days, 27% 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.