Is Hiawatha, 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, Hiawatha was a Seller's 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
$315,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hiawatha have sold for 40% more than they did a year ago.
Summary: The median home sold price in Hiawatha was $315,000 in March 2024, up 40% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137K | $135K | -1.5% |
| 3 Bedrooms | $223.2K | $235K | +5.3% |
| 4 Bedrooms | $317.5K | $344.9K | +8.7% |
| 5+ Bedrooms | $355K | $566.9K | +59.7% |
Summary: Hiawatha housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 59.7%.
Median Sold Price Compared To Nearby Cities
| Hiawatha | $225K | $315K | +40.0% |
| Cedar Rapids | $176.3K | $188.2K | +6.7% |
| Monroe Township | $300K | $317K | +5.7% |
Housing Supply in Hiawatha, IA
How many homes are available in Hiawatha, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Hiawatha real estate market had 27 homes for sale in March 2024, a 8.0% 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 10 | 18 | +80.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Hiawatha 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 decreased by 75%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hiawatha, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hiawatha in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 38 Days | +242.3% |
Summary: Homes in Hiawatha had an average of 38 days on market in Mar 2024, up by 242.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hiawatha are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Hiawatha; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.