Is New Albany 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, New Albany Township has remained a Seller's Market.
Key Takeaway
New Albany Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Albany Township, IA
How much do homes in New Albany Township, IA cost?
Median Sold Price
$185,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Albany Township have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in New Albany Township was $185,000 in April 2024, down 4.1% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $185K | +68.2% |
| 3 Bedrooms | $185K | $170K | -8.1% |
| 4 Bedrooms | $208K | $240K | +15.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Albany 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 increased by 68.2%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Albany Township | $193K | $185K | -4.1% |
| Colo | $199K | $185K | -7.0% |
Housing Supply in New Albany Township, IA
How many homes are available in New Albany Township, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The New Albany Township real estate market had 4 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Albany 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Albany Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in New Albany Township in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Albany Township, IA
How long does it take to sell a home in New Albany Township, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 69 Days | +2200.0% |
Summary: Homes in New Albany Township had an average of 69 days on market in Apr 2024, up by 2200% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New Albany Township has remained consistent over time.
Summary: During April 2024, 1 homes were sold in New Albany Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
