Is Westdale, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Westdale has remained a Seller's Market.
Key Takeaway
Westdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westdale, IA
How much do homes in Westdale, IA cost?
Median Sold Price
$199,216
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westdale have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Westdale was $199,216 in May 2024, up 4.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139K | $147.5K | +6.1% |
| 3 Bedrooms | $191.5K | $194K | +1.3% |
| 4 Bedrooms | $208.2K | $250K | +20.0% |
| 5+ Bedrooms | $332K | $270K | -18.7% |
Summary: Westdale 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 increased by 6.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Cleveland Area | $142K | $149.9K | +5.6% |
| Westdale | $190K | $199.2K | +4.9% |
| Cedar Hills | $180K | $186K | +3.3% |
Housing Supply in Westdale, IA
How many homes are available in Westdale, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 89 | +1.1% |
Summary: The Westdale real estate market had 89 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 51 | 57 | +11.8% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Westdale 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 decreased by 8.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 40 | +185.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westdale, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Westdale in May 2024, up by 185.7% month-over-month. Of the 40 sold homes, 38% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for Westdale, IA
How long does it take to sell a home in Westdale, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | -1.1% |
Summary: Homes in Westdale had an average of 16 days on market in May 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in Westdale; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% 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.