Is Linn Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Linn Township was a Buyer's Market.
Key Takeaway
Linn Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Linn Township, IA
How much do homes in Linn Township, IA cost?
Median Sold Price
$345,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Linn Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Linn Township was $345,000 in March 2024, up 11.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $316.6K | - | N/A |
| 2 Bedrooms | $190K | $190K | 0.0% |
| 3 Bedrooms | $251K | $273.7K | +9.0% |
| 4 Bedrooms | $470K | $399.9K | -14.9% |
| 5+ Bedrooms | $580K | $545.7K | -5.9% |
Summary: Linn 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 did not change, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Linn Township | $309.2K | $345K | +11.6% |
| Norwalk | $300K | $330K | +10.0% |
| Bloomfield Township | $192.2K | $210K | +9.2% |
| Cumming | $562.5K | $527K | -6.3% |
Housing Supply in Linn Township, IA
How many homes are available in Linn Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 96 | -5.0% |
Summary: The Linn Township real estate market had 96 homes for sale in March 2024, a 5.0% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 43 | 33 | -23.3% |
| 4 Bedrooms | 45 | 44 | -2.2% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Linn 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 decreased by 14.3%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linn Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Linn Township in March 2024, down by 22.2% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Linn Township, IA
How long does it take to sell a home in Linn Township, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 111 Days | +44.4% |
Summary: Homes in Linn Township had an average of 111 days on market in Mar 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linn Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Linn Township; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
