$3,028 Closing Credit*
$255,000
1,410 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ethan Hokel, Listing Office: Century 21 Signature
Is Palestine Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Palestine Township has remained a Seller's Market.
Key Takeaway
Palestine Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palestine Township, IA
How much do homes in Palestine Township, IA cost?
Median Sold Price
$315,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,500(-3.8%)
Key Takeaway
Homes in Palestine Township have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Palestine Township was $315,500 in November 2024, down 3.8% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $352.5K | $202.5K | -42.6% |
| 3 Bedrooms | $281K | $286K | +1.8% |
| 4 Bedrooms | $395K | $449.6K | +13.8% |
| 5+ Bedrooms | $400K | $513.9K | +28.5% |
Summary: Palestine Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Palestine Township | $328K | $315.5K | -3.8% |
| Huxley | $357.6K | $318.7K | -10.9% |
Housing Supply in Palestine Township, IA
How many homes are available in Palestine Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 34 | -22.7% |
Summary: The Palestine Township real estate market had 34 homes for sale in November 2024, a 22.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Palestine 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 decreased by 35.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palestine Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Palestine Township in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Palestine Township, IA
How long does it take to sell a home in Palestine Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 19 Days | -45.0% |
Summary: Homes in Palestine Township had an average of 19 days on market in Nov 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palestine Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Palestine Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
