Is West Lucas 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, West Lucas Township was a Neutral Market.
Key Takeaway
West Lucas Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lucas Township, IA
How much do homes in West Lucas Township, IA cost?
Median Sold Price
$260,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Lucas Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in West Lucas Township was $260,000 in April 2024, up 6.1% 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 | $119K | $172K | +44.5% |
| 2 Bedrooms | $184K | $249K | +35.3% |
| 3 Bedrooms | $312K | $290.5K | -6.9% |
| 4 Bedrooms | $357.5K | $260K | -27.3% |
| 5+ Bedrooms | - | $272K | N/A |
Summary: West Lucas Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.5%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Coralville | $285K | $338.9K | +18.9% |
| Iowa City | $275K | $302.5K | +10.0% |
| West Lucas Township | $245K | $260K | +6.1% |
Housing Supply in West Lucas Township, IA
How many homes are available in West Lucas Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The West Lucas Township real estate market had 15 homes for sale in April 2024, a 16.7% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Lucas 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 50%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Lucas Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in West Lucas Township in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for West Lucas Township, IA
How long does it take to sell a home in West Lucas Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +5.2% |
Summary: Homes in West Lucas Township had an average of 23 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Lucas Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in West Lucas Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.