Is Van Meter Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Van Meter Township has remained a Seller's Market.
Key Takeaway
Van Meter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Van Meter Township, IA
How much do homes in Van Meter Township, IA cost?
Median Sold Price
$309,990
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Van Meter Township have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Van Meter Township was $309,990 in March 2024, down 2.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $484.5K | $255K | -47.4% |
| 3 Bedrooms | $252.5K | $289.9K | +14.8% |
| 4 Bedrooms | $379.7K | $355K | -6.5% |
| 5+ Bedrooms | $805K | $690K | -14.3% |
Summary: Van Meter 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 decreased by 47.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in Van Meter Township, IA
How many homes are available in Van Meter Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The Van Meter Township real estate market had 38 homes for sale in March 2024, a 2.6% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Van Meter 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 remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Van Meter Township in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Van Meter Township, IA
How long does it take to sell a home in Van Meter Township, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 135 Days | +485.0% |
Summary: Homes in Van Meter Township had an average of 135 days on market in Mar 2024, up by 485% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Van Meter Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Van Meter Township; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
