Is Adel Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Adel Township was a Seller's Market.
Housing Prices in Adel Township, IA
How much do homes in Adel Township, IA cost?
Median Sold Price
$353,490
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Adel Township was $353,490 in April 2024, up 1.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $360K | N/A |
2 Bedrooms | $176K | $178.5K | +1.4% |
3 Bedrooms | $262.4K | $305.6K | +16.5% |
4 Bedrooms | $388.9K | $376.4K | -3.2% |
5+ Bedrooms | $512.4K | $607.5K | +18.5% |
Summary: Adel Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
Dallas Center | $214.9K | $259K | +20.5% |
Adel Township | $348.5K | $353.4K | +1.4% |
Van Meter Township | $318.5K | $307.5K | -3.5% |
Adel | $376.7K | $362.5K | -3.8% |
Housing Supply in Adel Township, IA
How many homes are available in Adel Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 93 | +4.5% |
Summary: The Adel Township real estate market had 93 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 51 | 50 | -2.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Adel 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 20%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Adel Township in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% were sold over asking.
Days on Market for Adel Township, IA
How long does it take to sell a home in Adel Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 140 Days | +78.8% |
Summary: Homes in Adel Township had an average of 140 days on market in Apr 2024, up by 78.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Adel Township; 47% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.