Is Penn Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Penn Township has remained a Seller's Market.
Housing Prices in Penn Township, IA
How much do homes in Penn Township, IA cost?
Median Sold Price
$319,900
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Penn Township was $319,900 in April 2024, up 9.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145K | $140K | -3.4% |
3 Bedrooms | $257.2K | $248.5K | -3.4% |
4 Bedrooms | $349.9K | $390K | +11.5% |
5+ Bedrooms | $500K | $515.4K | +3.1% |
Summary: Penn 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 3.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Coralville | $285K | $338.9K | +18.9% |
Penn Township | $292.4K | $319.9K | +9.4% |
Madison Township | $281K | $301K | +7.1% |
North Liberty | $281K | $297.5K | +5.9% |
Housing Supply in Penn Township, IA
How many homes are available in Penn Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 68 | +13.3% |
Summary: The Penn Township real estate market had 68 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Penn 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 decreased by 9.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Penn Township in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 13% were sold under asking, 40% were sold at asking, and 47% were sold over asking.
Days on Market for Penn Township, IA
How long does it take to sell a home in Penn Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 58 Days | +52.8% |
Summary: Homes in Penn Township had an average of 58 days on market in Apr 2024, up by 52.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Penn Township; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.