Is 50316, 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, 50316 has remained a Seller's Market.
Housing Prices in 50316, IA
How much do homes in 50316, IA cost?
Median Sold Price
$158,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 50316 was $158,000 in March 2024, up 0.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | $96.4K | +6.0% |
2 Bedrooms | $135K | $134.9K | 0% |
3 Bedrooms | $167.1K | $170K | +1.7% |
4 Bedrooms | $183.5K | $205K | +11.7% |
5+ Bedrooms | $230.9K | $225K | -2.6% |
Summary: 50316 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 50316, IA
How many homes are available in 50316, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 59 | -1.7% |
Summary: The 50316 real estate market had 59 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 27 | 27 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 50316 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 decreased by 17.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 20 | +185.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 50316 in March 2024, up by 185.7% month-over-month. Of the 20 sold homes, 65% were sold under asking, 15% were sold at asking, and 20% were sold over asking.
Days on Market for 50316, IA
How long does it take to sell a home in 50316, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +20.6% |
Summary: Homes in 50316 had an average of 39 days on market in Mar 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 50316; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.