Is Slater, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Slater has remained a Seller's Market.
Key Takeaway
Slater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Slater, IA
How much do homes in Slater, IA cost?
Median Sold Price
$285,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Slater have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Slater was $285,000 in April 2024, up 11.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.2K | $137K | -63.4% |
| 3 Bedrooms | $210K | $282K | +34.3% |
| 4 Bedrooms | $316K | $328K | +3.8% |
| 5+ Bedrooms | $255K | - | N/A |
Summary: Slater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.4%, 3 bedroom homes increased by 34.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lincoln Township | $434.7K | $508.5K | +17.0% |
| Palestine Township | $279K | $315.5K | +13.1% |
| Slater | $255K | $285K | +11.8% |
| Slater | $255K | $285K | +11.8% |
Housing Supply in Slater, IA
How many homes are available in Slater, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Slater real estate market had 7 homes for sale in April 2024, a 30.0% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Slater 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Slater, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Slater in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Slater, IA
How long does it take to sell a home in Slater, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 0 Days | 52 Days | +7775.0% |
Summary: Homes in Slater had an average of 52 days on market in Apr 2024, up by 7775% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Slater are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Slater; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
