Penn Township Housing Market Report April 2025•Johnson County, Iowa

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Penn Township is a Buyer's Market

Difference Since April 2024

At the same time last year, Penn Township was a Seller's 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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$348,500$164/SqFt
+$38,500
+12.4%

Based on all homes sold in the last 12 months

Insight

Homes in Penn Township have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Penn Township was $348,500 in April 2025, up 12.4% from last year, and the median price per square foot was $164.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Penn Township
+12.4%
North Liberty
+6.2%
Madison Township
+5.9%
Coralville
+4.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$140K$187.5K
+33.9%
3$250K$273K
+9.2%
4$389.9K$409.9K
+5.1%
5$525.7K$579K
+10.1%

Summary: Penn Township housing price by bedroom type for April 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 +33.9%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes increased by +5.1%. The home price for 5 bedroom homes increased by +10.1%.

How does Penn Township, IA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Penn Township, IA

Housing supply in Penn Township, IA

How many homes are available in Penn Township, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
73Last MonthApr 2025
812 months agoMar 2025
-9.9 %
Change MoMMar – Apr

Summary: The Penn Township real estate market had 73 homes for sale in Apr 2025, a 9.9 % decrease compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthApr 2025
132 months agoMar 2025
-23.1 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
276
-14.3%
32021
+5.0%
43631
-13.9%
51815
-16.7%

Summary: Penn Township housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes increased by +5.0%. The inventory for 4 bedroom homes decreased by -13.9%. The inventory for 5 bedroom homes decreased by -16.7%.

Asking Price vs. Sold Price

How much do homes in Penn Township, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price7 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Penn Township, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Penn Township in April 2025, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and and 10% 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 Days5 Homes

30 – 90 Days0 Home

Over 90 Days5 Homes

Insight

Many homes in Penn Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 10 homes were sold in Penn Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearApr 2025
44 Days1 year agoApr 2024
+67.2 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Penn Township had an average listing age of 73 days in Apr 2025, up by 67.2% compared to the previous year.

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Newest Listings in Penn Township, IA

What homes are available in Penn Township, IA?

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MLS Disclaimers and Copyright

Based on information from Cedar Rapids MLS, for the period 05/01/2023 - 05/01/2025

IDXProvided 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: 5/2/2025, 5:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.