Is 50220, 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, 50220 has remained a Seller's Market.
Housing Prices in 50220, IA
How much do homes in 50220, IA cost?
Median Sold Price
$172,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 50220 was $172,000 in April 2024, down 1.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.5K | $65K | -66.1% |
2 Bedrooms | $127.5K | $114.5K | -10.2% |
3 Bedrooms | $174K | $180.4K | +3.7% |
4 Bedrooms | $195.4K | $208.7K | +6.8% |
5+ Bedrooms | $251.2K | $219.4K | -12.6% |
Summary: 50220 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.1%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 12.6%.
Housing Supply in 50220, IA
How many homes are available in 50220, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The 50220 real estate market had 28 homes for sale in April 2024, a 12.0% increase 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 | 8 | 9 | +12.5% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 50220 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 increased by 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 9 | +800.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 50220 in April 2024, up by 800.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 36 Days | -50.0% |
Summary: Homes in 50220 had an average of 36 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 50220; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.