New - 1 day on Rocket
$10,000 Closing Credit¹
#2501506, Phil O'Brien, Listing Office: Urban Acres Real Estate Corridor
Penn Township Housing Market Report February 2025•Johnson County, Iowa
Housing Prices in Penn Township, IA
How much do homes in Penn Township, IA cost?
Housing Market Conditions
Is Penn Township, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Penn Township is a Buyer's Market
Difference Since February 2024
At the same time last year, Penn Township was a Neutral Market.
Insight
Penn Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$327,450$164/SqFt
+$2,450
+0.8%
Based on all homes sold in the last 12 months
Insight
Homes in Penn Township have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Penn Township was $327,450 in February 2025, up 0.8% from last year, and the median price per square foot was $164.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Madison Township | $295K | $337.5K | +14.4% |
| Coralville | $334.9K | $354.9K | +6.0% |
| North Liberty | $300.5K | $309.5K | +3.0% |
| Penn Township | $325K | $327.4K | +0.8% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $143.5K | $176K | +22.6% |
| 33 Bedrooms | $250K | $269K | +7.6% |
| 44 Bedrooms | $389.4K | $399.9K | +2.7% |
| 55+ Bedrooms | $525.7K | $551.2K | +4.8% |
Summary: Penn Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +22.6%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes increased by +2.7%. The home price for 5 bedroom homes increased by +4.8%.
Housing supply in Penn Township, IA
How many homes are available in Penn Township, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthFeb 2025 | ||
| 452 months agoJan 2025 | -20.0 % Change MoMJan – Feb |
Summary: The Penn Township real estate market had 36 homes for sale in Feb 2025, a 20.0 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthFeb 2025 | ||
| 122 months agoJan 2025 | -66.7 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 18 | 11 | -38.9% |
| 44 Bedrooms | 15 | 14 | -6.7% |
| 55+ Bedrooms | 8 | 8 | 0.0% |
Summary: Penn Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -38.9%. The inventory for 4 bedroom homes decreased by -6.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Penn Township, IA cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price0 Home
Insight
If you're buying a home in Penn Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Penn Township in February 2025, down by 66.7% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.
Days on Market for Penn Township, IA
How long does it take to sell a home in Penn Township, IA?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Penn Township are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 4 homes were sold in Penn Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 14 DaysThis YearFeb 2025 | ||
| 54 Days1 year agoFeb 2024 | -73.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Penn Township had an average listing age of 14 days in Feb 2025, down by 73.1% compared to the previous year.
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Newest Listings in Penn Township, IA
What homes are available in Penn Township, IA?
$10,000 Closing Credit¹
#2501337, Tyler Lautke, Listing Office: COLDWELL BANKER HEDGES
Video tour
$10,000 Closing Credit¹
#2501320, Victoria Pedersen, Listing Office: IOWA REALTY
Video tour
$4,393 Closing Credit¹
#2501318, Ross Nusser, Listing Office: Urban Acres Real Estate Corridor
$4,453 Closing Credit¹
#2408076, JJ Johannes, Listing Office: Epique Realty
Video tour
$6,886 Closing Credit¹
#2501005, Chris Eden, Listing Office: GATEWAY ACCESS REALTY
Video tour
$6,886 Closing Credit¹
#2501003, Chris Eden, Listing Office: GATEWAY ACCESS REALTY
3D tour
$4,097 Closing Credit¹
#2500796, Rob Mccain, Listing Office: Urban Acres Real Estate Corridor
Video tour
$1,888 Closing Credit¹
#2500640, Jeffrey Salsbery, Listing Office: SKOGMAN REALTY
Video tour
$8,906 Closing Credit¹
#2500624, Jill Armstrong, Listing Office: SKOGMAN REALTY
Video tour
$1,841 Closing Credit¹
#2500623, Gwen Johnson, Listing Office: SKOGMAN REALTY
Video tour
$2,613 Closing Credit¹
#2500279, Cathy Devalk, Listing Office: Watts Group Realty
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 03/01/2023 - 03/01/2025
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. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 6:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.