Is West Lucas Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Lucas Township was a Buyer's Market.
Key Takeaway
West Lucas Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lucas Township, IA
How much do homes in West Lucas Township, IA cost?
Median Sold Price
$278,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Lucas Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in West Lucas Township was $278,500 in March 2024, up 13.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $202.5K | +70.2% |
| 2 Bedrooms | $184K | $249K | +35.3% |
| 3 Bedrooms | $312K | $295K | -5.4% |
| 4 Bedrooms | $350K | $312.5K | -10.7% |
| 5+ Bedrooms | $325K | $272K | -16.3% |
Summary: West Lucas Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.2%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Coralville | $282K | $335K | +18.8% |
| West Lucas Township | $245K | $278.5K | +13.7% |
| Iowa City | $273.3K | $301.6K | +10.4% |
Housing Supply in West Lucas Township, IA
How many homes are available in West Lucas Township, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 18 | +157.1% |
Summary: The West Lucas Township real estate market had 18 homes for sale in March 2024, a 157.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 15 | +200.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Lucas Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Lucas Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West Lucas Township in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for West Lucas Township, IA
How long does it take to sell a home in West Lucas Township, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 4 Days | -91.0% |
Summary: Homes in West Lucas Township had an average of 4 days on market in Mar 2024, down by 91% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Lucas Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in West Lucas Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.