Is Four Mile Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Four Mile Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Four Mile Township has remained a Seller's Market.

Key Takeaway

Four Mile Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Four Mile Township, IA

How much do homes in Four Mile Township, IA cost?

Median Sold Price

$295,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,000(-1.0%)

Key Takeaway

Homes in Four Mile Township have sold for 1% less than they did a year ago.

Summary: The median home sold price in Four Mile Township was $295,000 in March 2024, down 1% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $181.5K$262K
+44.4%
3 $274.5K$291.9K
+6.4%
4 $375K$375K
0.0%
5+ $385.9K$536K
+38.9%

Summary: Four Mile 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 increased by 44.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Cities

Lee Township
+5.7%
Clay Township
+5.7%
Pleasant Hill
0.5%
Four Mile Township
-1.0%

Housing Supply in Four Mile Township, IA

How many homes are available in Four Mile Township, IA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8183+2.5%

Summary: The Four Mile Township real estate market had 83 homes for sale in March 2024, a 2.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 66
0.0%
3 5350
-5.7%
4 1622
+37.5%
5+ 65
-16.7%

Summary: The Four Mile Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Four Mile Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Four Mile Township in March 2024, up by 100.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% were sold over asking.

Days on Market for Four Mile Township, IA

How long does it take to sell a home in Four Mile Township, IA?

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days95 Days+275.3%

Summary: Homes in Four Mile Township had an average of 95 days on market in Mar 2024, up by 275.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Four Mile Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 14 homes were sold in Four Mile Township; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Four Mile Township, IA

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What housing markets are near Four Mile Township, IA?