Is 50073, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 50073 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 50073 was a Buyer's Market.

Key Takeaway

50073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 50073, IA

How much do homes in 50073, IA cost?

Median Sold Price

$269,900

$200/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$49,377(-15.5%)

Key Takeaway

Homes in 50073 have sold for 15.5% less than they did a month ago.

Summary: The median home sold price in 50073 was $269,900 in September 2024, down 15.5% from last month, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$202K
N/A
3 $318.5K$269.9K
-15.3%
4 $403.9K-
N/A
5+ -$431.5K
N/A

Summary: 50073 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 50073, IA

How many homes are available in 50073, IA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3934-12.8%

Summary: The 50073 real estate market had 34 homes for sale in September 2024, a 12.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 139
-30.8%
4 1815
-16.7%
5+ 78
+14.3%

Summary: The 50073 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 50073, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 50073 in September 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 50073, IA

How long does it take to sell a home in 50073, IA?

Average Sale Time

Aug 2024Sep 2024CHANGE
42 Days172 Days+304.7%

Summary: Homes in 50073 had an average of 172 days on market in Sep 2024, up by 304.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 50073 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 6 homes were sold in 50073; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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