Is Westdale, 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, Westdale has remained a Seller's Market.
Housing Prices in Westdale, IA
How much do homes in Westdale, IA cost?
Median Sold Price
$195,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westdale was $195,000 in March 2024, up 2.6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145.5K | $138K | -5.2% |
3 Bedrooms | $191.5K | $192K | 0.3% |
4 Bedrooms | $200K | $260K | +30.0% |
5+ Bedrooms | $296.2K | $270K | -8.9% |
Summary: Westdale 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 decreased by 5.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
Cleveland Area | $140K | $149.9K | +7.1% |
Cedar Hills | $180K | $185K | +2.8% |
Westdale | $190K | $195K | +2.6% |
Housing Supply in Westdale, IA
How many homes are available in Westdale, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 65 | +10.2% |
Summary: The Westdale real estate market had 65 homes for sale in March 2024, a 10.2% 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 | 12 | 11 | -8.3% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Westdale 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 8.3%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Westdale in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for Westdale, IA
How long does it take to sell a home in Westdale, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 25 Days | -34.0% |
Summary: Homes in Westdale had an average of 25 days on market in Mar 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Westdale; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.