$5,641 Closing Credit*
$475,000
1,772 SqFt
5 Beds
•3 Full Baths
Teresa Speck, Listing Office: BHHS First Realty Westown
Is Walnut Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Walnut Township was a Seller's Market.
Key Takeaway
Walnut Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Walnut Township, IA
How much do homes in Walnut Township, IA cost?
Median Sold Price
$387,747
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$7,747(+2.0%)
Key Takeaway
Homes in Walnut Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Walnut Township was $387,747 in August 2024, up 2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $225.9K | +13.0% |
| 3 Bedrooms | $315K | $309.3K | -1.8% |
| 4 Bedrooms | $431.7K | $424.9K | -1.6% |
| 5+ Bedrooms | $595K | $601.8K | +1.1% |
Summary: Walnut Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Walnut Township, IA
How many homes are available in Walnut Township, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 623 | 584 | -6.3% |
Summary: The Walnut Township real estate market had 584 homes for sale in August 2024, a 6.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 34 | -17.1% |
| 3 Bedrooms | 179 | 177 | -1.1% |
| 4 Bedrooms | 272 | 242 | -11.0% |
| 5+ Bedrooms | 131 | 131 | 0.0% |
Summary: The Walnut Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 103 | 83 | -19.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Township, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Walnut Township in August 2024, down by 19.4% month-over-month. Of the 83 sold homes, 46% were sold under asking, 40% were sold at asking, and 14% were sold over asking.
Days on Market for Walnut Township, IA
How long does it take to sell a home in Walnut Township, IA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 66 Days | 54 Days | -18.7% |
Summary: Homes in Walnut Township had an average of 54 days on market in Aug 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Walnut Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 83 homes were sold in Walnut Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
