$4,869 Closing Credit*
$410,000
2,331 SqFt
5 Beds
•3 Full Baths, 1 Partial
Katie Sleeper, Listing Office: SKOGMAN REALTY
Is Madison Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Madison Township was a Buyer's Market.
Key Takeaway
Madison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison Township, IA
How much do homes in Madison Township, IA cost?
Median Sold Price
$349,900
$181/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$17,900(+5.4%)
Key Takeaway
Homes in Madison Township have sold for 5.4% more than they did a month ago.
Summary: The median home sold price in Madison Township was $349,900 in November 2024, up 5.4% from last month, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $199K | N/A |
| 3 Bedrooms | $234K | $299.9K | +28.2% |
| 4 Bedrooms | $390.9K | $409.9K | +4.8% |
| 5+ Bedrooms | - | $551.3K | N/A |
Summary: Madison 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 increased by 28.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.
Housing Supply in Madison Township, IA
How many homes are available in Madison Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Madison Township real estate market had 22 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Madison 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 remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Madison Township in November 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Township, IA
How long does it take to sell a home in Madison Township, IA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 68 Days | -4.0% |
Summary: Homes in Madison Township had an average of 68 days on market in Nov 2024, down by 4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Madison Township; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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.