$6,234 Closing Credit*
$525,000
1,488 SqFt
3 Beds
•2 Full Baths
Amanda Van Zante, Listing Office: Century 21 Signature
Is Summit Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Summit Township has remained a Seller's Market.
Key Takeaway
Summit Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Summit Township, IA
How much do homes in Summit Township, IA cost?
Median Sold Price
$408,250
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+9.7%)
Key Takeaway
Homes in Summit Township have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Summit Township was $408,250 in October 2024, up 9.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $420K | $269.5K | -35.8% |
| 3 Bedrooms | $335.5K | $380.7K | +13.5% |
| 4 Bedrooms | $289.5K | $417K | +44.0% |
| 5+ Bedrooms | $473K | $489.5K | +3.5% |
Summary: Summit Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Summit Township | $372.2K | $408.2K | +9.7% |
| Lake Prairie Township | $352.7K | $350.8K | -0.5% |
Housing Supply in Summit Township, IA
How many homes are available in Summit Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Summit Township real estate market had 5 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summit Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summit Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Summit Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Summit Township, IA
How long does it take to sell a home in Summit Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 156 Days | 64 Days | -58.7% |
Summary: Homes in Summit Township had an average of 64 days on market in Oct 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summit Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Summit Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
