Is Lee 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, Lee Township has remained a Seller's Market.
Housing Prices in Lee Township, IA
How much do homes in Lee Township, IA cost?
Median Sold Price
$184,041
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lee Township was $184,041 in May 2024, up 8.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $113K | -2.6% |
2 Bedrooms | $135.9K | $145K | +6.7% |
3 Bedrooms | $185K | $202K | +9.2% |
4 Bedrooms | $209.2K | $231K | +10.4% |
5+ Bedrooms | $242K | $262.3K | +8.4% |
Summary: Lee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Lee Township | $170.1K | $184K | +8.1% |
Des Moines | $195.6K | $209.9K | +7.3% |
Des Moines Township | $197K | $209.9K | +6.6% |
Delaware Township | $286K | $300K | +4.9% |
Pleasant Hill | $301K | $308.5K | +2.5% |
Housing Supply in Lee Township, IA
How many homes are available in Lee Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
287 | 264 | -8.0% |
Summary: The Lee Township real estate market had 264 homes for sale in May 2024, a 8.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 92 | 85 | -7.6% |
3 Bedrooms | 144 | 132 | -8.3% |
4 Bedrooms | 33 | 32 | -3.0% |
5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Lee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 72 | -12.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Lee Township in May 2024, down by 12.2% month-over-month. Of the 72 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Lee Township, IA
How long does it take to sell a home in Lee Township, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 31 Days | +95.1% |
Summary: Homes in Lee Township had an average of 31 days on market in May 2024, up by 95.1% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 72 homes were sold in Lee Township; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.