Is 52405, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 52405 has remained a Seller's Market.
Key Takeaway
52405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 52405, IA
How much do homes in 52405, IA cost?
Median Sold Price
$185,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 52405 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 52405 was $185,000 in March 2024, up 4.4% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $97.5K | +50.0% |
| 2 Bedrooms | $132.2K | $129.7K | -1.9% |
| 3 Bedrooms | $179K | $185K | +3.4% |
| 4 Bedrooms | $200K | $235K | +17.5% |
| 5+ Bedrooms | $266.4K | $240K | -9.9% |
Summary: 52405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in 52405, IA
How many homes are available in 52405, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 80 | +23.1% |
Summary: The 52405 real estate market had 80 homes for sale in March 2024, a 23.1% 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 | 13 | 15 | +15.4% |
| 3 Bedrooms | 36 | 49 | +36.1% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 52405 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 15.4%, 3 bedroom homes increased by 36.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 33 | +106.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 52405, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 52405 in March 2024, up by 106.3% month-over-month. Of the 33 sold homes, 52% were sold under asking, 27% were sold at asking, and 21% were sold over asking.
Days on Market for 52405, IA
How long does it take to sell a home in 52405, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +2.7% |
Summary: Homes in 52405 had an average of 28 days on market in Mar 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 52405 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 52405; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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.