Is 50161, 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, 50161 has remained a Seller's Market.
Key Takeaway
50161 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50161, IA
How much do homes in 50161, IA cost?
Median Sold Price
$205,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 50161 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 50161 was $205,000 in April 2024, down 3.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165.5K | $157K | -5.1% |
| 3 Bedrooms | $191.7K | $199K | +3.8% |
| 4 Bedrooms | $305K | $290K | -4.9% |
| 5+ Bedrooms | $873K | $458K | -47.5% |
Summary: 50161 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 decreased by 5.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 47.5%.
Median Sold Price Compared To Nearby Zip Codes
| 50073 | $296.4K | $300K | +1.2% |
| 50161 | $212.7K | $205K | -3.6% |
Housing Supply in 50161, IA
How many homes are available in 50161, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The 50161 real estate market had 8 homes for sale in April 2024, a 27.3% 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 | 1 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 50161 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 remained the same, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50161, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 50161 in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 50161, IA
How long does it take to sell a home in 50161, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 16 Days | +170.0% |
Summary: Homes in 50161 had an average of 16 days on market in Apr 2024, up by 170% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50161 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 50161; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
