Is 50220, 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, 50220 was a Neutral Market.
Key Takeaway
50220 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 50220, IA
How much do homes in 50220, IA cost?
Median Sold Price
$170,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50220 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 50220 was $170,000 in March 2024, down 1.4% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191.5K | $65K | -66.1% |
| 2 Bedrooms | $125K | $100K | -20.0% |
| 3 Bedrooms | $173K | $175K | +1.2% |
| 4 Bedrooms | $210K | $200.7K | -4.4% |
| 5+ Bedrooms | $197.4K | $219.4K | +11.2% |
Summary: 50220 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Zip Codes
| 50167 | $279.9K | $349.9K | +25.0% |
| 50220 | $172.5K | $170K | -1.4% |
Housing Supply in 50220, IA
How many homes are available in 50220, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The 50220 real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 50220 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50220, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 50220 in March 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 50220, IA
How long does it take to sell a home in 50220, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 37 Days | -2.6% |
Summary: Homes in 50220 had an average of 37 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 50220 has remained consistent over time.
Summary: During March 2024, 1 homes were sold in 50220; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
