Is Walnut 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, Walnut Township has remained a Seller's Market.
Key Takeaway
Walnut Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Walnut Township, IA
How much do homes in Walnut Township, IA cost?
Median Sold Price
$300,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Walnut Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Walnut Township was $300,000 in April 2024, up 3.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.4K | $94K | -31.1% |
| 2 Bedrooms | $183.1K | $185K | +1.0% |
| 3 Bedrooms | $281K | $289.9K | +3.2% |
| 4 Bedrooms | $344K | $362.1K | +5.3% |
| 5+ Bedrooms | $515K | $485K | -5.8% |
Summary: Walnut Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Clive | $405K | $449.8K | +11.1% |
| West Des Moines | $289K | $311.8K | +7.9% |
| Urbandale | $315.3K | $333.3K | +5.7% |
| Windsor Heights | $262.5K | $273K | +4.0% |
| Walnut Township | $289K | $300K | +3.8% |
Housing Supply in Walnut Township, IA
How many homes are available in Walnut Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 246 | 222 | -9.8% |
Summary: The Walnut Township real estate market had 222 homes for sale in April 2024, a 9.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 53 | 39 | -26.4% |
| 3 Bedrooms | 99 | 80 | -19.2% |
| 4 Bedrooms | 69 | 72 | +4.3% |
| 5+ Bedrooms | 22 | 28 | +27.3% |
Summary: The Walnut 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 26.4%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 55 | -22.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walnut Township, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Walnut Township in April 2024, down by 22.5% month-over-month. Of the 55 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for Walnut Township, IA
How long does it take to sell a home in Walnut Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -21.3% |
Summary: Homes in Walnut Township had an average of 21 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Walnut Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 55 homes were sold in Walnut Township; 85% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
