Is Adel Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Adel Township was a Seller's Market.
Housing Prices in Adel Township, IA
How much do homes in Adel Township, IA cost?
Median Sold Price
$355,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Adel Township was $355,000 in March 2024, up 4.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $360K | N/A |
2 Bedrooms | $204.9K | $178.5K | -12.9% |
3 Bedrooms | $260K | $305.6K | +17.6% |
4 Bedrooms | $393.7K | $374.7K | -4.8% |
5+ Bedrooms | $504.9K | $607.5K | +20.3% |
Summary: Adel Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Adel Township | $341K | $355K | +4.1% |
Van Meter Township | $318.5K | $309.9K | -2.7% |
Sugar Grove Township | $367K | $355K | -3.3% |
Adel | $379K | $363K | -4.2% |
Housing Supply in Adel Township, IA
How many homes are available in Adel Township, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 82 | +18.8% |
Summary: The Adel Township real estate market had 82 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 36 | 44 | +22.2% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Adel Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Adel Township in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 76 Days | +227.7% |
Summary: Homes in Adel Township had an average of 76 days on market in Mar 2024, up by 227.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Adel Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.