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

Housing Market Conditions



Gauge showing Penn Township is a seller's market


Difference Since November 2021

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

Key Takeaway

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

How much do homes in Penn Township, IA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2021


Key Takeaway

Homes in Penn Township have sold for 7.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
2 $135K$190K
3 $239.9K$255.6K
4 $327.5K$348.2K
5+ $491.1K$528K

Median Sold Price Compared To Nearby Cities

Madison Township
North Liberty
Penn Township

How many homes are available in Penn Township, IA?

Number of Homes For Sale

Oct 2022Nov 2022%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
2 99
3 1519
4 2015
5+ 1413

Number of Homes Sold

Oct 2022Nov 2022%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Penn Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
44 Days38 Days-14.0%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Penn Township, IA

There are 56 homes are for sale in Penn Township, IA real estate market. In November 2022 in Penn Township, IA there were 3.4% less homes for sale than in October 2022. Listings spent 38 days on the market in November 2022, and had a median list price of $285,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 40.7%, the cost of 3 bedrooms properties went up by 6.6%, prices of 4 bedrooms properties increased by 6.3%, prices of 5 bedrooms properties went up by 7.5%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 26.7%, the quantity of 4 bedrooms homes went down by 25%, 5 bedrooms homes became 7.1% less available. In November 2022 more than 1 listings in Penn Township, IA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below.

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