Is 50322, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 50322 has remained a Seller's Market.
Key Takeaway
50322 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50322, IA
How much do homes in 50322, IA cost?
Median Sold Price
$280,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 50322 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 50322 was $280,000 in April 2024, up 7.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | $166.9K | $185.4K | +11.1% |
| 3 Bedrooms | $263K | $287.2K | +9.2% |
| 4 Bedrooms | $319.4K | $330K | +3.3% |
| 5+ Bedrooms | $390K | $449.5K | +15.3% |
Summary: 50322 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 50322, IA
How many homes are available in 50322, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 133 | 0.0% |
Summary: The 50322 real estate market had 133 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 38 | 32 | -15.8% |
| 3 Bedrooms | 54 | 54 | 0.0% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The 50322 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50322, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 50322 in April 2024, down by 8.8% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for 50322, IA
How long does it take to sell a home in 50322, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 23 Days | -46.2% |
Summary: Homes in 50322 had an average of 23 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50322 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in 50322; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
