Is Walnut 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, 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
$299,557
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Walnut Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Walnut Township was $299,557 in May 2024, up 3.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $100.7K | +36.7% |
| 2 Bedrooms | $185K | $183.5K | -0.8% |
| 3 Bedrooms | $275K | $294.9K | +7.3% |
| 4 Bedrooms | $340K | $374.8K | +10.2% |
| 5+ Bedrooms | $521.2K | $457.5K | -12.2% |
Summary: Walnut Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Clive | $415K | $450.5K | +8.6% |
| Windsor Heights | $260K | $273.9K | +5.4% |
| Urbandale | $319K | $334.3K | +4.8% |
| West Des Moines | $299.5K | $310.1K | +3.5% |
| Walnut Township | $290K | $299.5K | +3.3% |
Housing Supply in Walnut Township, IA
How many homes are available in Walnut Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 249 | 262 | +5.2% |
Summary: The Walnut Township real estate market had 262 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 97 | 97 | 0.0% |
| 4 Bedrooms | 70 | 73 | +4.3% |
| 5+ Bedrooms | 32 | 41 | +28.1% |
Summary: The Walnut 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 2.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 28.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 76 | +31.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Walnut Township in May 2024, up by 31.0% month-over-month. Of the 76 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 18 Days | -10.0% |
Summary: Homes in Walnut Township had an average of 18 days on market in May 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Walnut Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 76 homes were sold in Walnut Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
