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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Lucas Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, West Lucas Township was a Seller's Market.

Key Takeaway

West Lucas Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Lucas Township, IA

How much do homes in West Lucas Township, IA cost?

Median Sold Price

$217,300

$129/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$42,700(-16.4%)

Key Takeaway

Homes in West Lucas Township have sold for 16.4% less than they did a month ago.

Summary: The median home sold price in West Lucas Township was $217,300 in October 2024, down 16.4% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $178K-
N/A
2 $240K$217.3K
-9.5%
3 $284K-
N/A
4 --
N/A
5+ --
N/A

Summary: West Lucas Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in West Lucas Township, IA

How many homes are available in West Lucas Township, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1715-11.8%

Summary: The West Lucas Township real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 21
-50.0%
3 88
0.0%
4 33
0.0%
5+ 33
0.0%

Summary: The West Lucas Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Lucas Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in West Lucas Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Lucas Township, IA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
69 Days74 Days+7.2%

Summary: Homes in West Lucas Township had an average of 74 days on market in Oct 2024, up by 7.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Lucas Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in West Lucas 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.

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

Report Updated 16 Days Ago

Newest Listings in West Lucas Township, IA

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