Is Four Mile Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Four Mile Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $181.5K | $262K | +44.4% |
3 Bedrooms | $274.5K | $291.9K | +6.4% |
4 Bedrooms | $375K | $375K | 0.0% |
5+ Bedrooms | $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 | $170K | $179.7K | +5.7% |
Clay Township | $291.2K | $308K | +5.7% |
Pleasant Hill | $298.7K | $300.3K | 0.5% |
Four Mile Township | $298K | $295K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 83 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 53 | 50 | -5.7% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 6 | 5 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 14 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 95 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
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.