Is Hiawatha, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hiawatha was a Neutral Market.
Key Takeaway
Hiawatha is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hiawatha, IA
How much do homes in Hiawatha, IA cost?
Median Sold Price
$235,000
$137/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Hiawatha have sold for 12.5% less than they did a month ago.
Summary: The median home sold price in Hiawatha was $235,000 in April 2024, down 12.5% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.7K | $125K | -12.4% |
| 3 Bedrooms | $222K | $255K | +14.9% |
| 4 Bedrooms | $354.9K | $299.2K | -15.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hiawatha housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in Hiawatha, IA
How many homes are available in Hiawatha, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Hiawatha real estate market had 39 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hiawatha housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Hiawatha, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hiawatha in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Hiawatha, IA
How long does it take to sell a home in Hiawatha, IA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 128 Days | 88 Days | -31.6% |
Summary: Homes in Hiawatha had an average of 88 days on market in Apr 2024, down by 31.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hiawatha are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Hiawatha; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.