Is 52246, 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, 52246 has remained a Seller's Market.
Key Takeaway
52246 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 52246, IA
How much do homes in 52246, IA cost?
Median Sold Price
$350,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 52246 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 52246 was $350,000 in April 2024, up 19.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $155K | +30.3% |
| 2 Bedrooms | $188K | $175.5K | -6.6% |
| 3 Bedrooms | $267.5K | $311.2K | +16.4% |
| 4 Bedrooms | $365K | $359.9K | -1.4% |
| 5+ Bedrooms | $535K | $485K | -9.3% |
Summary: 52246 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 9.3%.
Housing Supply in 52246, IA
How many homes are available in 52246, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The 52246 real estate market had 37 homes for sale in April 2024, a 5.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 52246 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 52246, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 52246 in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for 52246, IA
How long does it take to sell a home in 52246, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +55.2% |
Summary: Homes in 52246 had an average of 33 days on market in Apr 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 52246 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 52246; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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.