Is Clay Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clay Township has remained a Seller's Market.
Key Takeaway
Clay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clay Township, IA
How much do homes in Clay Township, IA cost?
Median Sold Price
$315,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clay Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Clay Township was $315,000 in May 2024, up 5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94.9K | - | N/A |
| 2 Bedrooms | $185K | $194.9K | +5.4% |
| 3 Bedrooms | $289.9K | $302K | +4.1% |
| 4 Bedrooms | $329.7K | $353.9K | +7.4% |
| 5+ Bedrooms | $465K | $450K | -3.2% |
Summary: Clay Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Altoona | $300K | $319.2K | +6.4% |
| Clay Township | $299.9K | $315K | +5.0% |
| Delaware Township | $286K | $300K | +4.9% |
| Bondurant | $319.9K | $329.9K | +3.1% |
| Pleasant Hill | $301K | $308.5K | +2.5% |
Housing Supply in Clay Township, IA
How many homes are available in Clay Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 152 | 174 | +14.5% |
Summary: The Clay Township real estate market had 174 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 61 | 81 | +32.8% |
| 4 Bedrooms | 58 | 60 | +3.4% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Clay Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clay Township, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Clay Township in May 2024, up by 5.6% month-over-month. Of the 38 sold homes, 53% were sold under asking, 34% were sold at asking, and 13% were sold over asking.
Days on Market for Clay Township, IA
How long does it take to sell a home in Clay Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 99 Days | 71 Days | -27.9% |
Summary: Homes in Clay Township had an average of 71 days on market in May 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clay Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Clay Township; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
