Is Linn Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Linn Township was a Buyer's Market.
Key Takeaway
Linn Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Linn Township, IA
How much do homes in Linn Township, IA cost?
Median Sold Price
$331,640
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Linn Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Linn Township was $331,640 in May 2024, up 10.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181.5K | $205K | +12.9% |
| 3 Bedrooms | $240K | $274.7K | +14.5% |
| 4 Bedrooms | $483.6K | $397K | -17.9% |
| 5+ Bedrooms | $606K | $545.9K | -9.9% |
Summary: Linn 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 12.9%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Township | $194.5K | $220K | +13.1% |
| Linn Township | $299.9K | $331.6K | +10.6% |
| Norwalk | $306.4K | $329.9K | +7.7% |
| Cumming | $579.6K | $519.9K | -10.3% |
| Cumming | $617.5K | $550.7K | -10.8% |
Housing Supply in Linn Township, IA
How many homes are available in Linn Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 120 | +1.7% |
Summary: The Linn Township real estate market had 120 homes for sale in May 2024, a 1.7% 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 | 9 | 6 | -33.3% |
| 3 Bedrooms | 48 | 51 | +6.3% |
| 4 Bedrooms | 45 | 41 | -8.9% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Linn 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 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linn Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Linn Township in May 2024, up by 31.6% month-over-month. Of the 25 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for Linn Township, IA
How long does it take to sell a home in Linn Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 68 Days | -19.3% |
Summary: Homes in Linn Township had an average of 68 days on market in May 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linn Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Linn Township; 64% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
