Is 50035, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 50035 was a Neutral Market.
Key Takeaway
50035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50035, IA
How much do homes in 50035, IA cost?
Median Sold Price
$329,945
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50035 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 50035 was $329,945 in March 2024, up 4.7% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.9K | $226.2K | -5.7% |
| 3 Bedrooms | $285K | $300K | +5.3% |
| 4 Bedrooms | $344.9K | $356.4K | +3.3% |
| 5+ Bedrooms | $473.5K | $507.2K | +7.1% |
Summary: 50035 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 decreased by 5.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 50035, IA
How many homes are available in 50035, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 87 | -5.4% |
Summary: The 50035 real estate market had 87 homes for sale in March 2024, a 5.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 50 | 44 | -12.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 50035 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 17 | +183.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50035, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 50035 in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for 50035, IA
How long does it take to sell a home in 50035, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 138 Days | 124 Days | -10.4% |
Summary: Homes in 50035 had an average of 124 days on market in Mar 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 50035 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 17 homes were sold in 50035; 41% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
