Is Big Grove Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Big Grove Township was a Seller's Market.
Key Takeaway
Big Grove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Grove Township, IA
How much do homes in Big Grove Township, IA cost?
Median Sold Price
$320,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Big Grove Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Big Grove Township was $320,000 in April 2024, up 1.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $133K | $150K | +12.8% |
| 3 Bedrooms | $255K | $270K | +5.9% |
| 4 Bedrooms | $441K | $377.5K | -14.4% |
| 5+ Bedrooms | $542.8K | $650K | +19.7% |
Summary: Big Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Solon | $279.9K | $362.5K | +29.5% |
| Penn Township | $292.4K | $319.9K | +9.4% |
| Big Grove Township | $315K | $320K | +1.6% |
Housing Supply in Big Grove Township, IA
How many homes are available in Big Grove Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Big Grove Township real estate market had 30 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Big Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Grove Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Big Grove Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Big Grove Township, IA
How long does it take to sell a home in Big Grove Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -41.0% |
Summary: Homes in Big Grove Township had an average of 9 days on market in Apr 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Big Grove Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Big Grove Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.