Is Dallas County, 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, Dallas County was a Seller's Market.
Key Takeaway
Dallas County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dallas County, IA
How much do homes in Dallas County, IA cost?
Median Sold Price
$350,542
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dallas County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Dallas County was $350,542 in March 2024, up 3.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.2K | $86.4K | -47.1% |
| 2 Bedrooms | $176.5K | $175K | -0.8% |
| 3 Bedrooms | $290K | $297K | +2.4% |
| 4 Bedrooms | $389.3K | $396.9K | +2.0% |
| 5+ Bedrooms | $519.9K | $571.3K | +9.9% |
Summary: Dallas County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.1%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Counties
| Madison County | $225K | $267K | +18.7% |
| Guthrie County | $239K | $281.4K | +17.7% |
| Boone County | $182.9K | $195.6K | +7.0% |
| Polk County | $264.4K | $279.9K | +5.9% |
| Dallas County | $337.4K | $350.5K | +3.9% |
Housing Supply in Dallas County, IA
How many homes are available in Dallas County, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 546 | 577 | +5.7% |
Summary: The Dallas County real estate market had 577 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 39 | 43 | +10.3% |
| 3 Bedrooms | 197 | 194 | -1.5% |
| 4 Bedrooms | 207 | 232 | +12.1% |
| 5+ Bedrooms | 103 | 107 | +3.9% |
Summary: The Dallas County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dallas County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Dallas County in March 2024, up by 6.6% month-over-month. Of the 81 sold homes, 56% were sold under asking, 31% were sold at asking, and 14% were sold over asking.
Days on Market for Dallas County, IA
How long does it take to sell a home in Dallas County, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 112 Days | +43.6% |
Summary: Homes in Dallas County had an average of 112 days on market in Mar 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dallas County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 81 homes were sold in Dallas County; 32% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
