Is Lee Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lee Township has remained a Seller's Market.
Housing Prices in Lee Township, IA
How much do homes in Lee Township, IA cost?
Median Sold Price
$180,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lee Township was $180,000 in April 2024, up 5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.3K | $111.5K | -0.8% |
2 Bedrooms | $136.2K | $142.5K | +4.6% |
3 Bedrooms | $185K | $202K | +9.2% |
4 Bedrooms | $208.5K | $225K | +7.9% |
5+ Bedrooms | $239.9K | $269.7K | +12.4% |
Summary: Lee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Delaware Township | $275K | $297K | +8.0% |
Des Moines | $194.9K | $209.9K | +7.7% |
Lee Township | $171.4K | $180K | +5.0% |
Des Moines Township | $200K | $209.6K | +4.8% |
Pleasant Hill | $298.7K | $300K | 0.4% |
Housing Supply in Lee Township, IA
How many homes are available in Lee Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
267 | 269 | +0.7% |
Summary: The Lee Township real estate market had 269 homes for sale in April 2024, a 0.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 84 | 81 | -3.6% |
3 Bedrooms | 126 | 134 | +6.3% |
4 Bedrooms | 37 | 37 | 0.0% |
5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Lee Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 76 | -3.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Lee Township in April 2024, down by 3.8% month-over-month. Of the 76 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% were sold over asking.
Days on Market for Lee Township, IA
How long does it take to sell a home in Lee Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 44 Days | +68.7% |
Summary: Homes in Lee Township had an average of 44 days on market in Apr 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 76 homes were sold in Lee Township; 59% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.