Is 50317, 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, 50317 has remained a Seller's Market.
Key Takeaway
50317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50317, IA
How much do homes in 50317, IA cost?
Median Sold Price
$190,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 50317 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 50317 was $190,000 in March 2024, up 9.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $108.4K | +10.7% |
| 2 Bedrooms | $142.9K | $146K | +2.1% |
| 3 Bedrooms | $194.9K | $211.7K | +8.6% |
| 4 Bedrooms | $224.9K | $249.9K | +11.1% |
| 5+ Bedrooms | $266.9K | $274.9K | +3.0% |
Summary: 50317 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 3%.
Housing Supply in 50317, IA
How many homes are available in 50317, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 174 | 166 | -4.6% |
Summary: The 50317 real estate market had 166 homes for sale in March 2024, a 4.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 0 | -100.0% |
| 2 Bedrooms | 51 | 54 | +5.9% |
| 3 Bedrooms | 80 | 76 | -5.0% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 50317 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 increased by 5.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50317, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 50317 in March 2024, up by 2.6% month-over-month. Of the 40 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for 50317, IA
How long does it take to sell a home in 50317, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 28 Days | -42.2% |
Summary: Homes in 50317 had an average of 28 days on market in Mar 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50317 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 50317; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
