Is 50317, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 50317 has remained a Seller's Market.
Key Takeaway
50317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50317, IA
How much do homes in 50317, IA cost?
Median Sold Price
$191,791
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 50317 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 50317 was $191,791 in May 2024, up 6.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $105.6K | +5.6% |
| 2 Bedrooms | $141.7K | $154.5K | +9.0% |
| 3 Bedrooms | $200K | $215.9K | +8.0% |
| 4 Bedrooms | $222.2K | $262K | +17.9% |
| 5+ Bedrooms | $253.2K | $274.9K | +8.6% |
Summary: 50317 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 50317, IA
How many homes are available in 50317, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 193 | 174 | -9.8% |
Summary: The 50317 real estate market had 174 homes for sale in May 2024, a 9.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 71 | 68 | -4.2% |
| 3 Bedrooms | 85 | 75 | -11.8% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 50317 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 47 | -21.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50317, expect to pay close to the asking price. 38.3% of homes here sold near the asking price last month.
Summary: A total of 47 homes were sold or pending in 50317 in May 2024, down by 21.7% month-over-month. Of the 47 sold homes, 34% were sold under asking, 38% were sold at asking, and 28% were sold over asking.
Days on Market for 50317, IA
How long does it take to sell a home in 50317, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +8.1% |
Summary: Homes in 50317 had an average of 35 days on market in May 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50317 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 47 homes were sold in 50317; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
