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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palestine Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Palestine Township, IA

How much do homes in Palestine Township, IA cost?

Median Sold Price

$315,500

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$36,500(+13.1%)

Key Takeaway

Homes in Palestine Township have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Palestine Township was $315,500 in April 2024, up 13.1% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$135K
N/A
2 $185.7K$200K
+7.7%
3 $240.8K$285K
+18.3%
4 $325.5K$419K
+28.7%
5+ $504.6K$397.5K
-21.2%

Summary: Palestine Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 21.2%.

Median Sold Price Compared To Nearby Cities

Palestine Township
+13.1%
Huxley
+12.4%
Slater
+11.8%
Slater
+11.8%

Housing Supply in Palestine Township, IA

How many homes are available in Palestine Township, IA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3933-15.4%

Summary: The Palestine Township real estate market had 33 homes for sale in April 2024, a 15.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1410
-28.6%
4 1416
+14.3%
5+ 86
-25.0%

Summary: The Palestine Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palestine Township, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Palestine Township in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Palestine Township, IA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
6 Days35 Days+476.6%

Summary: Homes in Palestine Township had an average of 35 days on market in Apr 2024, up by 476.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 12 homes were sold in Palestine Township; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

Newest Listings in Palestine Township, IA

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