Is Poweshiek County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Poweshiek County has remained a Seller's Market.
Key Takeaway
Poweshiek County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Poweshiek County, IA
How much do homes in Poweshiek County, IA cost?
Median Sold Price
$239,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Poweshiek County have sold for 24.5% more than they did a year ago.
Summary: The median home sold price in Poweshiek County was $239,000 in June 2024, up 24.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $65K | -45.8% |
| 2 Bedrooms | $142K | $190K | +33.8% |
| 3 Bedrooms | $192K | $220K | +14.6% |
| 4 Bedrooms | $276.2K | $283K | +2.4% |
| 5+ Bedrooms | $215K | $435K | +102.3% |
Summary: Poweshiek County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 102.3%.
Median Sold Price Compared To Nearby Counties
| Poweshiek County | $192K | $239K | +24.5% |
| Jasper County | $173.1K | $179.9K | +4.0% |
| Iowa County | $198K | $173.5K | -12.4% |
Housing Supply in Poweshiek County, IA
How many homes are available in Poweshiek County, IA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 51 | -16.4% |
Summary: The Poweshiek County real estate market had 51 homes for sale in June 2024, a 16.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Poweshiek County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Poweshiek 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 9 homes were sold or pending in Poweshiek County in June 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Poweshiek County, IA
How long does it take to sell a home in Poweshiek County, IA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 41 Days | 50 Days | +20.9% |
Summary: Homes in Poweshiek County had an average of 50 days on market in Jun 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Poweshiek County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in Poweshiek County; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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.