Is 52241, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 52241 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 52241 has remained a Buyer's Market.

Key Takeaway

52241 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 52241, IA

How much do homes in 52241, IA cost?

Median Sold Price

$326,500

$135/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$38,500(-10.5%)

Key Takeaway

Homes in 52241 have sold for 10.5% less than they did a month ago.

Summary: The median home sold price in 52241 was $326,500 in February 2024, down 10.5% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $256K$235.5K
-8.0%
4 $425K-
N/A
5+ $815K$470.2K
-42.3%

Summary: 52241 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 42.3%.

Housing Supply in 52241, IA

How many homes are available in 52241, IA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3836-5.3%

Summary: The 52241 real estate market had 36 homes for sale in February 2024, a 5.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 1916
-15.8%
4 1111
0.0%
5+ 53
-40.0%

Summary: The 52241 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 52241, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 52241 in February 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 52241, IA

How long does it take to sell a home in 52241, IA?

Average Sale Time

Jan 2024Feb 2024CHANGE
48 Days31 Days-35.1%

Summary: Homes in 52241 had an average of 31 days on market in Feb 2024, down by 35.1% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 52241 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 52241; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 52241, IA

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