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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lee Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lee Township was a Neutral 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

$622,718

$365/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$657,282(-51.4%)

Key Takeaway

Homes in Lee Township have sold for 51.4% less than they did a month ago.

Summary: The median home sold price in Lee Township was $622,718 in November 2024, down 51.4% from last month, and the median price per square foot was $365.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$622.7K
N/A
3 $1.2M-
N/A
4 --
N/A
5+ --
N/A

Summary: Lee Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lee Township, IA

How many homes are available in Lee Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The Lee Township real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 10
-100.0%
5+ 21
-50.0%

Summary: The Lee 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lee Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Lee Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lee Township, IA

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Lee Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Lee Township, IA

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