Is Van Meter 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, Van Meter Township has remained a Seller's Market.
Key Takeaway
Van Meter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Van Meter Township, IA
How much do homes in Van Meter Township, IA cost?
Median Sold Price
$304,900
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Van Meter Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Van Meter Township was $304,900 in May 2024, down 2.6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $495.2K | $255K | -48.5% |
| 3 Bedrooms | $275K | $279.5K | +1.6% |
| 4 Bedrooms | $327.9K | $362.5K | +10.5% |
| 5+ Bedrooms | $735K | $757.5K | +3.1% |
Summary: Van Meter 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 decreased by 48.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Van Meter Township, IA
How many homes are available in Van Meter Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Van Meter Township real estate market had 49 homes for sale in May 2024, a 4.3% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Van Meter 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Van Meter Township in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for Van Meter Township, IA
How long does it take to sell a home in Van Meter Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 133 Days | 139 Days | +4.7% |
Summary: Homes in Van Meter Township had an average of 139 days on market in May 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Van Meter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Van Meter Township; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
