Is 52402, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 52402 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 52402 has remained a Seller's Market.

Key Takeaway

52402 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 52402, IA

How much do homes in 52402, IA cost?

Median Sold Price

$185,500

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,500(+6.0%)

Key Takeaway

Homes in 52402 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 52402 was $185,500 in February 2024, up 6% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $99K$78K
-21.2%
2 $128.2K$135K
+5.3%
3 $176.1K$187.7K
+6.6%
4 $240K$252K
+5.0%
5+ $327K$317K
-3.1%

Summary: 52402 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

52233
+18.6%
52402
+6.0%

Housing Supply in 52402, IA

How many homes are available in 52402, IA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1141140.0%

Summary: The 52402 real estate market had 114 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 4236
-14.3%
3 4046
+15.0%
4 2625
-3.8%
5+ 46
+50.0%

Summary: The 52402 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2229+31.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 52402, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 52402 in February 2024, up by 31.8% month-over-month. Of the 29 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.

Days on Market for 52402, IA

How long does it take to sell a home in 52402, IA?

Average Sale Time

Feb 2023Feb 2024CHANGE
34 Days46 Days+34.6%

Summary: Homes in 52402 had an average of 46 days on market in Feb 2024, up by 34.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 52402 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 29 homes were sold in 52402; 45% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% 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 28 Days Ago

Newest Listings in 52402, IA

Nearby Markets to 52402, IA