Is 50131, 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, 50131 has remained a Seller's Market.
Key Takeaway
50131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50131, IA
How much do homes in 50131, IA cost?
Median Sold Price
$365,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50131 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 50131 was $365,000 in March 2024, up 3.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $218.5K | $233.9K | +7.1% |
| 3 Bedrooms | $312.5K | $299.9K | -4.0% |
| 4 Bedrooms | $408.9K | $404.9K | -1.0% |
| 5+ Bedrooms | $510K | $535K | +4.9% |
Summary: 50131 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 7.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 50131, IA
How many homes are available in 50131, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 142 | +2.2% |
Summary: The 50131 real estate market had 142 homes for sale in March 2024, a 2.2% 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 | 11 | 12 | +9.1% |
| 3 Bedrooms | 71 | 72 | +1.4% |
| 4 Bedrooms | 38 | 41 | +7.9% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 50131 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 9.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50131, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 50131 in March 2024, up by 55.6% month-over-month. Of the 28 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for 50131, IA
How long does it take to sell a home in 50131, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 91 Days | +129.7% |
Summary: Homes in 50131 had an average of 91 days on market in Mar 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50131 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 50131; 54% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
