Is Urbandale, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Urbandale is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Urbandale was a Neutral Market.

Key Takeaway

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

Housing Prices in Urbandale, IA

How much do homes in Urbandale, IA cost?

Median Sold Price

$324,995

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$10,055(+3.2%)

Key Takeaway

Homes in Urbandale have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Urbandale was $324,995 in January 2024, up 3.2% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $121.4K-
N/A
2 $175K$184.9K
+5.7%
3 $285.9K$298.5K
+4.4%
4 $398.4K$395K
-0.9%
5+ $605K$579K
-4.3%

Summary: Urbandale housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

Clive
+17.1%
Webster Township
+3.9%
Walnut Township
+3.6%
Urbandale
+3.2%
Grimes
-2.6%

Housing Supply in Urbandale, IA

How many homes are available in Urbandale, IA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
264273+3.4%

Summary: The Urbandale real estate market had 273 homes for sale in January 2024, a 3.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 2525
0.0%
3 7178
+9.9%
4 106112
+5.7%
5+ 6258
-6.5%

Summary: The Urbandale housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 6.5%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
4131-24.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Urbandale, expect to pay close to the asking price. 54.8% of homes here sold near the asking price last month.

Summary: A total of 31 homes were sold or pending in Urbandale in January 2024, down by 24.4% month-over-month. Of the 31 sold homes, 42% were sold under asking, 55% were sold at asking, and 3% were sold over asking.

Days on Market for Urbandale, IA

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

Average Sale Time

Jan 2023Jan 2024CHANGE
33 Days49 Days+48.8%

Summary: Homes in Urbandale had an average of 49 days on market in Jan 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 31 homes were sold in Urbandale; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% 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

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