$2,761 Closing Credit*
$232,500
1,149 SqFt
3 Beds
•1 Full Bath, 2 Partial
Gomez, Guadalupe M, Listing Office: RE/MAX Precision
Is Timber Creek Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Timber Creek Township was a Buyer's Market.
Key Takeaway
Timber Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timber Creek Township, IA
How much do homes in Timber Creek Township, IA cost?
Median Sold Price
$209,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+11.8%)
Key Takeaway
Homes in Timber Creek Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Timber Creek Township was $209,000 in October 2024, up 11.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | - | N/A |
| 2 Bedrooms | $115.5K | $215K | +86.1% |
| 3 Bedrooms | $172K | $203K | +18.0% |
| 4 Bedrooms | $234.7K | $220.5K | -6.1% |
| 5+ Bedrooms | $337.7K | $270K | -20.1% |
Summary: Timber Creek 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 increased by 86.1%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Timber Creek Township | $187K | $209K | +11.8% |
| Marion Township | $247.6K | $269.9K | +9.0% |
Housing Supply in Timber Creek Township, IA
How many homes are available in Timber Creek Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Timber Creek Township real estate market had 13 homes for sale in October 2024, a 23.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Timber Creek 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 decreased by 36.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Timber Creek Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Timber Creek Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Timber Creek Township, IA
How long does it take to sell a home in Timber Creek Township, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 16 Days | -58.1% |
Summary: Homes in Timber Creek Township had an average of 16 days on market in Oct 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timber Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Timber Creek Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
