Is Walnut Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walnut Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Walnut Township has remained a Seller's Market.

Key Takeaway

Walnut Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Walnut Township, IA

How much do homes in Walnut Township, IA cost?

Median Sold Price

$303,907

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,226(+2.1%)

Key Takeaway

Homes in Walnut Township have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Walnut Township was $303,907 in November 2024, up 2.1% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $84K$162K
+92.9%
2 $185K$185K
0.0%
3 $284.4K$295.5K
+3.9%
4 $359.4K$387.5K
+7.8%
5+ $470K$540K
+14.9%

Summary: Walnut Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Urbandale
+8.5%
West Des Moines
+3.6%
Walnut Township
+2.1%
Clive
-2.4%

Housing Supply in Walnut Township, IA

How many homes are available in Walnut Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
304284-6.6%

Summary: The Walnut Township real estate market had 284 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 5047
-6.0%
3 128113
-11.7%
4 8791
+4.6%
5+ 3733
-10.8%

Summary: The Walnut Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 10.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6166+8.2%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walnut Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Walnut Township in November 2024, up by 8.2% month-over-month. Of the 66 sold homes, 64% were sold under asking, 20% were sold at asking, and 17% were sold over asking.

Days on Market for Walnut Township, IA

How long does it take to sell a home in Walnut Township, IA?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days37 Days+74.4%

Summary: Homes in Walnut Township had an average of 37 days on market in Nov 2024, up by 74.4% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Walnut Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 66 homes were sold in Walnut Township; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Walnut Township, IA

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