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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lewis Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Lewis Township has remained a Seller's Market.

Key Takeaway

Lewis Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lewis Township, IA

How much do homes in Lewis Township, IA cost?

Median Sold Price

$234,500

$202/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$333,086(-58.7%)

Key Takeaway

Homes in Lewis Township have sold for 58.7% less than they did a month ago.

Summary: The median home sold price in Lewis Township was $234,500 in November 2024, down 58.7% from last month, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$234.5K
N/A
3 $320.7K$145K
-54.8%
4 $797.6K$366K
-54.1%
5+ $800K-
N/A

Summary: Lewis 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 decreased by 54.8%, 4 bedroom homes decreased by 54.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Highland II
+9.6%
Council Bluffs
-35.8%
Lewis Township
-58.7%

Housing Supply in Lewis Township, IA

How many homes are available in Lewis Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138-38.5%

Summary: The Lewis Township real estate market had 8 homes for sale in November 2024, a 38.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 43
-25.0%
4 42
-50.0%
5+ 10
-100.0%

Summary: The Lewis 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lewis Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Lewis Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Lewis Township, IA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days30 Days-36.7%

Summary: Homes in Lewis Township had an average of 30 days on market in Nov 2024, down by 36.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Lewis Township; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

Newest Listings in Lewis Township, IA

Nearby Markets to Lewis Township, IA

What housing markets are near Lewis Township, IA?