Is Lucas County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lucas County is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Lucas County has remained a Buyer's Market.

Key Takeaway

Lucas County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lucas County, IA

How much do homes in Lucas County, IA cost?

Median Sold Price

$131,750

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$53,250(-28.8%)

Key Takeaway

Homes in Lucas County have sold for 28.8% less than they did a year ago.

Summary: The median home sold price in Lucas County was $131,750 in February 2024, down 28.8% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $90K$123K
+36.7%
3 $156.5K$128.5K
-17.9%
4 $295K$158K
-46.4%
5+ $260K$10K
-96.2%

Summary: Lucas County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.7%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 46.4%, and 5+ bedroom homes decreased by 96.2%.

Median Sold Price Compared To Nearby Counties

Marion County
+9.9%
Lucas County
-28.8%

Housing Supply in Lucas County, IA

How many homes are available in Lucas County, IA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1719+11.8%

Summary: The Lucas County real estate market had 19 homes for sale in February 2024, a 11.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 1012
+20.0%
4 22
0.0%
5+ 01
+100.0%

Summary: The Lucas County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lucas County, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Lucas County in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lucas County, IA

How long does it take to sell a home in Lucas County, IA?

Average Sale Time

Feb 2023Feb 2024CHANGE
21 Days26 Days+23.8%

Summary: Homes in Lucas County had an average of 26 days on market in Feb 2024, up by 23.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lucas County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Lucas County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Lucas County, IA

Nearby Markets to Lucas County, IA

What housing markets are near Lucas County, IA?