$1,959 Closing Credit*
$165,000
685 SqFt
2 Beds
•1 Full Bath, 1 Partial
Montanaro, Rich, Listing Office: The American Real Estate Co.
Is Lee Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$189,957
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,068(+10.5%)
Key Takeaway
Homes in Lee Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Lee Township was $189,957 in October 2024, up 10.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.9K | $98.9K | -20.8% |
| 2 Bedrooms | $135K | $155K | +14.8% |
| 3 Bedrooms | $197.6K | $205K | +3.7% |
| 4 Bedrooms | $216K | $235K | +8.8% |
| 5+ Bedrooms | $240K | $253.5K | +5.6% |
Summary: Lee Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Lee Township | $171.8K | $189.9K | +10.5% |
| Pleasant Hill | $295K | $325K | +10.2% |
| Des Moines | $200K | $214.9K | +7.5% |
| Des Moines Township | $200K | $214.8K | +7.4% |
| Delaware Township | $295K | $307.4K | +4.2% |
Housing Supply in Lee Township, IA
How many homes are available in Lee Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 264 | 285 | +8.0% |
Summary: The Lee Township real estate market had 285 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 86 | 99 | +15.1% |
| 3 Bedrooms | 130 | 130 | 0.0% |
| 4 Bedrooms | 35 | 42 | +20.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lee 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 15.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 50 | -21.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 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. 58% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Lee Township in October 2024, down by 21.9% month-over-month. Of the 50 sold homes, 58% were sold under asking, 28% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +50.0% |
Summary: Homes in Lee Township had an average of 36 days on market in Oct 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 50 homes were sold in Lee Township; 66% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
