$5,047 Closing Credit*
$424,990
1,635 SqFt
4 Beds
•2 Full Baths
Kathryn Greer, Listing Office: DRH Realty of Iowa, LLC
Is Madison Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Madison Township was a Seller's Market.
Key Takeaway
Madison Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison Township, IA
How much do homes in Madison Township, IA cost?
Median Sold Price
$408,990
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$2,960(-0.7%)
Key Takeaway
Homes in Madison Township have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Madison Township was $408,990 in December 2024, down 0.7% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229K | $210K | -8.3% |
| 3 Bedrooms | $289.9K | $314.7K | +8.6% |
| 4 Bedrooms | $472.4K | $425K | -10.0% |
| 5+ Bedrooms | $600K | $594.4K | -0.9% |
Summary: Madison Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Madison Township | $411.9K | $408.9K | -0.7% |
| Polk City | $438K | $418.9K | -4.3% |
| Lincoln Township | $499.9K | $449.9K | -10.0% |
Housing Supply in Madison Township, IA
How many homes are available in Madison Township, IA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 42 | -6.7% |
Summary: The Madison Township real estate market had 42 homes for sale in December 2024, a 6.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Madison Township in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 45 Days | 112 Days | +149.4% |
Summary: Homes in Madison Township had an average of 112 days on market in Dec 2024, up by 149.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 December 2024, 4 homes were sold in Madison Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
