Is Belle Plaine, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Belle Plaine was a Buyer's Market.
Key Takeaway
Belle Plaine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Plaine, IA
How much do homes in Belle Plaine, IA cost?
Median Sold Price
$143,250
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belle Plaine have sold for 33.2% more than they did a year ago.
Summary: The median home sold price in Belle Plaine was $143,250 in April 2024, up 33.2% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56.9K | $14K | -75.4% |
| 2 Bedrooms | $79K | $85K | +7.6% |
| 3 Bedrooms | $119K | $144K | +21.0% |
| 4 Bedrooms | $68.2K | $147.5K | +116.1% |
| 5+ Bedrooms | $160.4K | $175K | +9.0% |
Summary: Belle Plaine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 116.1%, and 5+ bedroom homes increased by 9%.
Housing Supply in Belle Plaine, IA
How many homes are available in Belle Plaine, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Belle Plaine real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Belle Plaine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Plaine, 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 Belle Plaine in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Belle Plaine, IA
How long does it take to sell a home in Belle Plaine, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 82 Days | +150.0% |
Summary: Homes in Belle Plaine had an average of 82 days on market in Apr 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Plaine are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Belle Plaine; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.