Is 50023, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 50023 has remained a Seller's Market.
Key Takeaway
50023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50023, IA
How much do homes in 50023, IA cost?
Median Sold Price
$344,470
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50023 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 50023 was $344,470 in March 2024, up 2.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.6K | - | N/A |
| 2 Bedrooms | $197.8K | $205K | +3.6% |
| 3 Bedrooms | $300K | $305K | +1.6% |
| 4 Bedrooms | $385K | $395K | +2.6% |
| 5+ Bedrooms | $499.7K | $484.9K | -3.0% |
Summary: 50023 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 50023, IA
How many homes are available in 50023, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 311 | 341 | +9.6% |
Summary: The 50023 real estate market had 341 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 40 | 48 | +20.0% |
| 3 Bedrooms | 125 | 131 | +4.8% |
| 4 Bedrooms | 108 | 117 | +8.3% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The 50023 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 57 | +54.1% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50023, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 50023 in March 2024, up by 54.1% month-over-month. Of the 57 sold homes, 51% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for 50023, IA
How long does it take to sell a home in 50023, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 64 Days | -3.5% |
Summary: Homes in 50023 had an average of 64 days on market in Mar 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50023 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 57 homes were sold in 50023; 54% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
