Is Madison 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, Madison Township was a Seller's Market.
Housing Prices in Madison Township, IA
How much do homes in Madison Township, IA cost?
Median Sold Price
$419,900
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $419,900 in April 2024, up 5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300.5K | $221.2K | -26.4% |
3 Bedrooms | $287.5K | $287.5K | 0.0% |
4 Bedrooms | $479.2K | $442.5K | -7.7% |
5+ Bedrooms | $547.4K | $597.5K | +9.1% |
Summary: Madison 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 decreased by 26.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $434.7K | $508.5K | +17.0% |
Polk City | $400.5K | $439K | +9.6% |
Madison Township | $400K | $419.9K | +5.0% |
Housing Supply in Madison Township, IA
How many homes are available in Madison Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The Madison Township real estate market had 38 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 20 | 17 | -15.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Madison 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Madison Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Madison Township, IA
How long does it take to sell a home in Madison Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 41 Days | +9.5% |
Summary: Homes in Madison Township had an average of 41 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Madison Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.