Is 50315, 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, 50315 has remained a Seller's Market.
Key Takeaway
50315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50315, IA
How much do homes in 50315, IA cost?
Median Sold Price
$196,938
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50315 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 50315 was $196,938 in March 2024, up 10.2% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $100.5K | +8.6% |
| 2 Bedrooms | $145K | $165K | +13.8% |
| 3 Bedrooms | $190K | $209K | +10.0% |
| 4 Bedrooms | $200K | $230K | +15.0% |
| 5+ Bedrooms | $212.4K | $291K | +37.0% |
Summary: 50315 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 37%.
Housing Supply in 50315, IA
How many homes are available in 50315, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 136 | +10.6% |
Summary: The 50315 real estate market had 136 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 60 | 67 | +11.7% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 50315 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 43 | +87.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50315, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 50315 in March 2024, up by 87.0% month-over-month. Of the 43 sold homes, 51% were sold under asking, 21% were sold at asking, and 28% were sold over asking.
Days on Market for 50315, IA
How long does it take to sell a home in 50315, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 50 Days | +46.7% |
Summary: Homes in 50315 had an average of 50 days on market in Mar 2024, up by 46.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50315 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in 50315; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
