Is 50323, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 50323 was a Seller's Market.
Housing Prices in 50323, IA
How much do homes in 50323, IA cost?
Median Sold Price
$470,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 50323 was $470,000 in March 2024, up 3.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $192.6K | $220K | +14.2% |
3 Bedrooms | $328.6K | $329.9K | 0.4% |
4 Bedrooms | $475K | $486K | +2.3% |
5+ Bedrooms | $622.5K | $630K | +1.2% |
Summary: 50323 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 50323, IA
How many homes are available in 50323, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 124 | -5.3% |
Summary: The 50323 real estate market had 124 homes for sale in March 2024, a 5.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 31 | 24 | -22.6% |
4 Bedrooms | 47 | 40 | -14.9% |
5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The 50323 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 increased by 60%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 50323 in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 75% were sold under asking, 20% were sold at asking, and 5% were sold over asking.
Days on Market for 50323, IA
How long does it take to sell a home in 50323, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 63 Days | -22.3% |
Summary: Homes in 50323 had an average of 63 days on market in Mar 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 50323; 45% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.