Is Fayette Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fayette Township was a Neutral Market.
Key Takeaway
Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayette Township, IA
How much do homes in Fayette Township, IA cost?
Median Sold Price
$357,500
$136/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Fayette Township have sold for 8.3% more than they did a month ago.
Summary: The median home sold price in Fayette Township was $357,500 in March 2024, up 8.3% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $330K | $375K | +13.6% |
| 4 Bedrooms | - | $362.5K | N/A |
| 5+ Bedrooms | - | $330K | N/A |
Summary: Fayette Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Fayette Township, IA
How many homes are available in Fayette Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Fayette Township real estate market had 6 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fayette 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fayette Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Fayette Township, IA
How long does it take to sell a home in Fayette Township, IA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 17 Days | -59.9% |
Summary: Homes in Fayette Township had an average of 17 days on market in Mar 2024, down by 59.9% compared to last month.
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 Fayette Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Fayette 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.
