Is 52245, 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, 52245 was a Seller's Market.
Key Takeaway
52245 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 52245, IA
How much do homes in 52245, IA cost?
Median Sold Price
$300,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 52245 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 52245 was $300,000 in March 2024, up 4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $201.6K | $209K | +3.6% |
| 3 Bedrooms | $240K | $285K | +18.8% |
| 4 Bedrooms | $300K | $410K | +36.7% |
| 5+ Bedrooms | $429.9K | $513.4K | +19.4% |
Summary: 52245 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 3.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Zip Codes
| 52246 | $290.2K | $349.9K | +20.6% |
| 52245 | $288.4K | $300K | +4.0% |
Housing Supply in 52245, IA
How many homes are available in 52245, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The 52245 real estate market had 25 homes for sale in March 2024, a 4.2% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 52245 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 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 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 52245, 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 52245 in March 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 52245, IA
How long does it take to sell a home in 52245, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 10 Days | -88.8% |
Summary: Homes in 52245 had an average of 10 days on market in Mar 2024, down by 88.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 52245 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 52245; 100% of homes were sold within 30 days, 0% 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.