Is Spring Valley 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, Spring Valley Township has remained a Seller's Market.
Housing Prices in Spring Valley Township, IA
How much do homes in Spring Valley Township, IA cost?
Median Sold Price
$171,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Valley Township was $171,000 in April 2024, down 1.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.5K | $65K | -66.1% |
2 Bedrooms | $127.5K | $114.5K | -10.2% |
3 Bedrooms | $174K | $180.4K | +3.7% |
4 Bedrooms | $187K | $205K | +9.6% |
5+ Bedrooms | $251.2K | $219.4K | -12.6% |
Summary: Spring Valley Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.1%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Cities
Perry | $173.5K | $172K | -0.9% |
Spring Valley Township | $173K | $171K | -1.2% |
Housing Supply in Spring Valley Township, IA
How many homes are available in Spring Valley Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The Spring Valley Township real estate market had 27 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Spring Valley 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 increased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Spring Valley Township in April 2024, up by 350.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Spring Valley Township, IA
How long does it take to sell a home in Spring Valley Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 36 Days | -50.0% |
Summary: Homes in Spring Valley Township had an average of 36 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Spring Valley Township; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.