Is 50111, 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, 50111 was a Seller's Market.
Key Takeaway
50111 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 50111, IA
How much do homes in 50111, IA cost?
Median Sold Price
$366,498
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50111 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 50111 was $366,498 in March 2024, up 2.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177.2K | $185K | +4.4% |
| 3 Bedrooms | $303.7K | $309.9K | +2.0% |
| 4 Bedrooms | $397K | $415K | +4.5% |
| 5+ Bedrooms | $562.5K | $642.5K | +14.2% |
Summary: 50111 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 4.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 50111, IA
How many homes are available in 50111, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 173 | +5.5% |
Summary: The 50111 real estate market had 173 homes for sale in March 2024, a 5.5% increase 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 | 10 | 13 | +30.0% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 73 | 72 | -1.4% |
| 5+ Bedrooms | 29 | 35 | +20.7% |
Summary: The 50111 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 increased by 30%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 25 | +127.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50111, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 50111 in March 2024, up by 127.3% month-over-month. Of the 25 sold homes, 48% were sold under asking, 40% were sold at asking, and 12% were sold over asking.
Days on Market for 50111, IA
How long does it take to sell a home in 50111, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 66 Days | +27.4% |
Summary: Homes in 50111 had an average of 66 days on market in Mar 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50111 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 50111; 44% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
