$1,900 Closing Credit*
$160,000
840 SqFt
3 Beds
•1 Full Bath
Wendl, Scott, Listing Office: RE/MAX Precision
Is Lee 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, Lee Township has remained a Seller's Market.
Key Takeaway
Lee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lee Township, IA
How much do homes in Lee Township, IA cost?
Median Sold Price
$187,699
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,710(+7.3%)
Key Takeaway
Homes in Lee Township have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Lee Township was $187,699 in November 2024, up 7.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.4K | $98.9K | -20.5% |
| 2 Bedrooms | $135K | $156.5K | +15.9% |
| 3 Bedrooms | $200K | $203K | +1.5% |
| 4 Bedrooms | $218K | $235K | +7.8% |
| 5+ Bedrooms | $227.5K | $251K | +10.3% |
Summary: Lee Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Des Moines Township | $200.2K | $214.9K | +7.4% |
| Lee Township | $174.9K | $187.6K | +7.3% |
| Des Moines | $201K | $215K | +6.9% |
| Pleasant Hill | $299.9K | $320K | +6.7% |
| Delaware Township | $299.9K | $306.9K | +2.3% |
Housing Supply in Lee Township, IA
How many homes are available in Lee Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 280 | 280 | 0.0% |
Summary: The Lee Township real estate market had 280 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 97 | 94 | -3.1% |
| 3 Bedrooms | 133 | 133 | 0.0% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lee Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lee Township, you may be able to get a good deal. 61.2% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Lee Township in November 2024, down by 9.3% month-over-month. Of the 49 sold homes, 61% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Lee Township, IA
How long does it take to sell a home in Lee Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 24 Days | -11.4% |
Summary: Homes in Lee Township had an average of 24 days on market in Nov 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lee Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Lee Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
