$749,999
5.94 Acres
Land
•2 Full Baths, 1 Partial
Misty Darling, Listing Office: BH&G Real Estate Innovations
Is South Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, South Township was a Neutral Market.
Key Takeaway
South Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Township, IA
How much do homes in South Township, IA cost?
Median Sold Price
$461,495
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$81,625(+21.5%)
Key Takeaway
Homes in South Township have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in South Township was $461,495 in August 2024, up 21.5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193.4K | $245K | +26.6% |
| 3 Bedrooms | $352.9K | $330K | -6.5% |
| 4 Bedrooms | $434.9K | $479K | +10.1% |
| 5+ Bedrooms | $485K | $1.2M | +151.3% |
Summary: South Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 151.3%.
Housing Supply in South Township, IA
How many homes are available in South Township, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The South Township real estate market had 8 homes for sale in August 2024, a 20.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Township housing inventory by bedroom type for August 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 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Township in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for South Township, IA
How long does it take to sell a home in South Township, IA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 238 Days | 72 Days | -69.7% |
Summary: Homes in South Township had an average of 72 days on market in Aug 2024, down by 69.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in South 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.
