Is 50138, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 50138 has remained a Seller's Market.
Key Takeaway
50138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50138, IA
How much do homes in 50138, IA cost?
Median Sold Price
$186,900
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 50138 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 50138 was $186,900 in April 2024, up 12.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $104.1K | +60.3% |
| 2 Bedrooms | $115K | $120K | +4.3% |
| 3 Bedrooms | $169K | $197.5K | +16.9% |
| 4 Bedrooms | $230K | $250.5K | +8.9% |
| 5+ Bedrooms | $285K | $208.3K | -26.9% |
Summary: 50138 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Zip Codes
| 50138 | $165.5K | $186.9K | +12.9% |
| 50225 | $228K | $225K | -1.3% |
Housing Supply in 50138, IA
How many homes are available in 50138, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Summary: The 50138 real estate market had 47 homes for sale in April 2024, a 11.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 50138 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 decreased by 47.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50138, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 50138 in April 2024, down by 31.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for 50138, IA
How long does it take to sell a home in 50138, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -11.5% |
Summary: Homes in 50138 had an average of 27 days on market in Apr 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50138 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 50138; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
