Is 50311, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 50311 has remained a Seller's Market.
Key Takeaway
50311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50311, IA
How much do homes in 50311, IA cost?
Median Sold Price
$233,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50311 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 50311 was $233,750 in March 2024, up 6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $116.5K | +38.7% |
| 2 Bedrooms | $174.4K | $183K | +4.9% |
| 3 Bedrooms | $238K | $249.9K | +5.0% |
| 4 Bedrooms | $234K | $283.7K | +21.3% |
| 5+ Bedrooms | $276.2K | $254.5K | -7.9% |
Summary: 50311 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 50311, IA
How many homes are available in 50311, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The 50311 real estate market had 54 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 7 | 15 | +114.3% |
Summary: The 50311 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 114.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50311, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 50311 in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 50311, IA
How long does it take to sell a home in 50311, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +9.6% |
Summary: Homes in 50311 had an average of 30 days on market in Mar 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50311 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 50311; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
