Is Madison Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Madison Township was a Neutral Market.
Housing Prices in Madison Township, IA
How much do homes in Madison Township, IA cost?
Median Sold Price
$418,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $418,000 in May 2024, up 1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $255.2K | $242.5K | -5.0% |
3 Bedrooms | $297.7K | $287.5K | -3.4% |
4 Bedrooms | $500K | $437K | -12.6% |
5+ Bedrooms | $595K | $597.5K | 0.4% |
Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $445K | $508.5K | +14.3% |
Madison Township | $413.6K | $418K | +1.0% |
Polk City | $437.5K | $436K | -0.3% |
Housing Supply in Madison Township, IA
How many homes are available in Madison Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 44 | 0.0% |
Summary: The Madison Township real estate market had 44 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Madison Township in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 70 Days | +237.3% |
Summary: Homes in Madison Township had an average of 70 days on market in May 2024, up by 237.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Madison Township; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.