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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Richland Township, IA cost?

Median Sold Price

$238,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$31,316(-11.6%)

Key Takeaway

Homes in Richland Township have sold for 11.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $135.5K$417.5K
+208.1%
3 $269.3K$222.1K
-17.5%
4 $300K$235K
-21.7%
5+ -$586K
N/A

Median Sold Price Compared To Nearby Cities

Carlisle
+13.7%
Richland Township
-11.6%
Camp Township
-14.5%

How many homes are available in Richland Township, IA?

Number of Homes For Sale

Aug 2022Sep 2022%
76-14.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 11
0.0%
3 20
-100.0%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days38 Days+133.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Richland 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 Richland Township, IA

Homes for sale in Richland Township, IA have reached 6. The inventory of homes for sale in Richland Township, IA between August 2022 and September 2022 decreased by 14.3%. While the average time on the market in September 2022 was 38 days, the median list price was $238,000. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 208.1%, 3 bedrooms properties became 17.5% more cheaper, the cost of 4 bedrooms properties went down by 21.7%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went down by 100%, 4 bedrooms homes inventory increased by 25%, number of 5 bedrooms homes remained the same. Richland Township, IA housing market in September 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.