Is 50047, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 50047 was a Buyer's Market.
Key Takeaway
50047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50047, IA
How much do homes in 50047, IA cost?
Median Sold Price
$280,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 50047 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 50047 was $280,500 in April 2024, up 5.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $209.5K | +37.4% |
| 3 Bedrooms | $224K | $271.7K | +21.3% |
| 4 Bedrooms | $340K | $309.9K | -8.9% |
| 5+ Bedrooms | $427.5K | $668.7K | +56.4% |
Summary: 50047 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.4%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 56.4%.
Housing Supply in 50047, IA
How many homes are available in 50047, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 50047 real estate market had 17 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 50047 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50047, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 50047 in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 50047, IA
How long does it take to sell a home in 50047, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 143 Days | 41 Days | -71.1% |
Summary: Homes in 50047 had an average of 41 days on market in Apr 2024, down by 71.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50047 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 50047; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
