$4,394 Closing Credit*
$369,999
1,776 SqFt
3 Beds
•1 Full Bath
Mason Good, Listing Office: RE/MAX Revolution
Is Adel Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Adel Township was a Seller's Market.
Key Takeaway
Adel Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Adel Township, IA
How much do homes in Adel Township, IA cost?
Median Sold Price
$349,945
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$3,045(-0.9%)
Key Takeaway
Homes in Adel Township have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Adel Township was $349,945 in August 2024, down 0.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $256K | N/A |
| 2 Bedrooms | $175K | $195K | +11.4% |
| 3 Bedrooms | $282.4K | $309.9K | +9.7% |
| 4 Bedrooms | $374.9K | $363.2K | -3.1% |
| 5+ Bedrooms | $560K | $540K | -3.6% |
Summary: Adel Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Dallas Center | $234.9K | $285K | +21.3% |
| Van Meter Township | $313K | $316.4K | +1.1% |
| Adel Township | $352.9K | $349.9K | -0.9% |
| Adel | $371K | $357.5K | -3.6% |
Housing Supply in Adel Township, IA
How many homes are available in Adel Township, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 116 | 114 | -1.7% |
Summary: The Adel Township real estate market had 114 homes for sale in August 2024, a 1.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 57 | 56 | -1.8% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Adel Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adel Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Adel Township in August 2024, down by 36.4% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Adel Township, IA
How long does it take to sell a home in Adel Township, IA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +48.2% |
Summary: Homes in Adel Township had an average of 39 days on market in Aug 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adel Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 14 homes were sold in Adel Township; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
