Is Lucas County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lucas County has remained a Seller's Market.
Key Takeaway
Lucas County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lucas County, IA
How much do homes in Lucas County, IA cost?
Median Sold Price
$210,200
$172/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Lucas County have sold for 18.8% more than they did a month ago.
Summary: The median home sold price in Lucas County was $210,200 in April 2024, up 18.8% from last month, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227K | - | N/A |
| 2 Bedrooms | $183.5K | - | N/A |
| 3 Bedrooms | $263.4K | $210.2K | -20.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $55K | - | N/A |
Summary: Lucas County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lucas County, IA
How many homes are available in Lucas County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Summary: The Lucas County real estate market had 22 homes for sale in April 2024, a 18.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lucas County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lucas County, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lucas County in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Lucas County, IA
How long does it take to sell a home in Lucas County, IA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 57 Days | +50.1% |
Summary: Homes in Lucas County had an average of 57 days on market in Apr 2024, up by 50.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lucas County has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Lucas County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
