Is Van Meter 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, Van Meter Township was a Buyer's Market.
Key Takeaway
Van Meter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Van Meter Township, IA
How much do homes in Van Meter Township, IA cost?
Median Sold Price
$307,500
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Van Meter Township have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Van Meter Township was $307,500 in April 2024, down 3.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $619K | $205K | -66.9% |
| 3 Bedrooms | $246.2K | $284.2K | +15.4% |
| 4 Bedrooms | $378K | $355.4K | -6.0% |
| 5+ Bedrooms | $805K | $690K | -14.3% |
Summary: Van Meter 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 66.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in Van Meter Township, IA
How many homes are available in Van Meter Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Van Meter Township real estate market had 42 homes for sale in April 2024, a 7.7% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Van Meter 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 100%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Van Meter Township in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Van Meter Township, IA
How long does it take to sell a home in Van Meter Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 167 Days | 65 Days | -61.2% |
Summary: Homes in Van Meter Township had an average of 65 days on market in Apr 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Van Meter Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in Van Meter Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
