Is Warren County, 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, Warren County has remained a Neutral Market.
Key Takeaway
Warren County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Warren County, IA
How much do homes in Warren County, IA cost?
Median Sold Price
$305,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Warren County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Warren County was $305,000 in March 2024, up 6.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $142.5K | +29.5% |
| 2 Bedrooms | $190K | $194K | +2.1% |
| 3 Bedrooms | $250K | $273.5K | +9.4% |
| 4 Bedrooms | $359.6K | $344.4K | -4.2% |
| 5+ Bedrooms | $529.9K | $525.7K | -0.8% |
Summary: Warren County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Counties
| Madison County | $225K | $267K | +18.7% |
| Marion County | $235K | $257K | +9.4% |
| Warren County | $285.4K | $305K | +6.9% |
| Polk County | $264.4K | $279.9K | +5.9% |
Housing Supply in Warren County, IA
How many homes are available in Warren County, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 262 | 283 | +8.0% |
Summary: The Warren County real estate market had 283 homes for sale in March 2024, a 8.0% 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 | 27 | 24 | -11.1% |
| 3 Bedrooms | 117 | 117 | 0.0% |
| 4 Bedrooms | 93 | 105 | +12.9% |
| 5+ Bedrooms | 25 | 37 | +48.0% |
Summary: The Warren County 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 decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 48%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 47 | +20.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren County, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Warren County in March 2024, up by 20.5% month-over-month. Of the 47 sold homes, 57% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Warren County, IA
How long does it take to sell a home in Warren County, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 93 Days | +32.1% |
Summary: Homes in Warren County had an average of 93 days on market in Mar 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 47 homes were sold in Warren County; 47% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
