Is Urbandale, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Urbandale has remained a Seller's Market.
Key Takeaway
Urbandale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Urbandale, IA
How much do homes in Urbandale, IA cost?
Median Sold Price
$330,612
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Urbandale have sold for 5% more than they did a year ago.
Summary: The median home sold price in Urbandale was $330,612 in March 2024, up 5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $187.5K | +7.1% |
| 3 Bedrooms | $289.9K | $300K | +3.5% |
| 4 Bedrooms | $396.8K | $414.9K | +4.6% |
| 5+ Bedrooms | $596.5K | $614K | +2.9% |
Summary: Urbandale 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 increased by 7.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Clive | $393.5K | $450K | +14.4% |
| Walnut Township | $393.3K | $414.9K | +5.5% |
| Urbandale | $314.9K | $330.6K | +5.0% |
| Webster Township | $294.8K | $309.5K | +5.0% |
| Grimes | $336.6K | $341K | +1.3% |
Housing Supply in Urbandale, IA
How many homes are available in Urbandale, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 310 | 328 | +5.8% |
Summary: The Urbandale real estate market had 328 homes for sale in March 2024, a 5.8% 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 | 34 | 37 | +8.8% |
| 3 Bedrooms | 92 | 105 | +14.1% |
| 4 Bedrooms | 112 | 113 | +0.9% |
| 5+ Bedrooms | 72 | 73 | +1.4% |
Summary: The Urbandale 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 increased by 8.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 62 | +51.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Urbandale, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Urbandale in March 2024, up by 51.2% month-over-month. Of the 62 sold homes, 61% were sold under asking, 31% were sold at asking, and 8% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 73 Days | +78.0% |
Summary: Homes in Urbandale had an average of 73 days on market in Mar 2024, up by 78% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Urbandale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 62 homes were sold in Urbandale; 40% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
