Is Hiawatha, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hiawatha was a Seller's Market.
Housing Prices in Hiawatha, IA
How much do homes in Hiawatha, IA cost?
Median Sold Price
$297,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hiawatha was $297,000 in May 2024, up 2.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137K | $135K | -1.5% |
3 Bedrooms | $238.1K | $235K | -1.3% |
4 Bedrooms | $341.9K | $354.9K | +3.8% |
5+ Bedrooms | $559.6K | $570K | +1.9% |
Summary: Hiawatha housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Robins | $419.9K | $455K | +8.4% |
Cedar Rapids | $179.9K | $191K | +6.1% |
Monroe Township | $318.5K | $327.5K | +2.8% |
Hiawatha | $290K | $297K | +2.4% |
Housing Supply in Hiawatha, IA
How many homes are available in Hiawatha, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 46 | 0.0% |
Summary: The Hiawatha real estate market had 46 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Hiawatha housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Hiawatha in May 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Hiawatha, IA
How long does it take to sell a home in Hiawatha, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
84 Days | 59 Days | -30.2% |
Summary: Homes in Hiawatha had an average of 59 days on market in May 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Hiawatha; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.