Is 50309, 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, 50309 was a Seller's Market.
Key Takeaway
50309 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 50309, IA
How much do homes in 50309, IA cost?
Median Sold Price
$290,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50309 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 50309 was $290,000 in March 2024, up 12.6% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $199.7K | -4.9% |
| 2 Bedrooms | $275K | $341K | +24.0% |
| 3 Bedrooms | $457.6K | $431K | -5.8% |
| 4 Bedrooms | $205.9K | $370K | +79.7% |
| 5+ Bedrooms | - | $195K | N/A |
Summary: 50309 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 24%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 79.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 50309 | $257.5K | $290K | +12.6% |
| 50314 | $154.6K | $163.7K | +5.9% |
Housing Supply in 50309, IA
How many homes are available in 50309, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 55 | +5.8% |
Summary: The 50309 real estate market had 55 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 50309 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50309, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 50309 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 50309, IA
How long does it take to sell a home in 50309, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 85 Days | 60 Days | -28.6% |
Summary: Homes in 50309 had an average of 60 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50309 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 50309; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
