Is 52240, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 52240 was a Seller's Market.
Key Takeaway
52240 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 52240, IA
How much do homes in 52240, IA cost?
Median Sold Price
$275,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 52240 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 52240 was $275,000 in April 2024, up 12% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151.2K | $170K | +12.4% |
| 2 Bedrooms | $212K | $156.4K | -26.2% |
| 3 Bedrooms | $236.2K | $249.5K | +5.6% |
| 4 Bedrooms | $337.8K | $297.5K | -11.9% |
| 5+ Bedrooms | $350K | $420K | +20.0% |
Summary: 52240 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes decreased by 26.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 20%.
Housing Supply in 52240, IA
How many homes are available in 52240, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The 52240 real estate market had 31 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 52240 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 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 52240, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 52240 in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 52240, IA
How long does it take to sell a home in 52240, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 19 Days | -71.0% |
Summary: Homes in 52240 had an average of 19 days on market in Apr 2024, down by 71% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 52240 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 52240; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.