Is Poweshiek County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Poweshiek County was a Seller's Market.
Key Takeaway
Poweshiek County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Poweshiek County, IA
How much do homes in Poweshiek County, IA cost?
Median Sold Price
$227,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Poweshiek County have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Poweshiek County was $227,500 in April 2024, up 6.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $27.3K | $92.5K | +238.8% |
| 2 Bedrooms | $145K | $164K | +13.1% |
| 3 Bedrooms | $214K | $220K | +2.8% |
| 4 Bedrooms | $265K | $285K | +7.5% |
| 5+ Bedrooms | $274.7K | $410K | +49.2% |
Summary: Poweshiek County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 238.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 49.2%.
Median Sold Price Compared To Nearby Counties
| Jasper County | $169.6K | $184K | +8.4% |
| Poweshiek County | $214.5K | $227.5K | +6.1% |
| Iowa County | $199K | $187.5K | -5.8% |
Housing Supply in Poweshiek County, IA
How many homes are available in Poweshiek County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 54 | +45.9% |
Summary: The Poweshiek County real estate market had 54 homes for sale in April 2024, a 45.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 12 | +100.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Poweshiek County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Poweshiek County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Poweshiek County in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Poweshiek County, IA
How long does it take to sell a home in Poweshiek County, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 7 Days | -80.2% |
Summary: Homes in Poweshiek County had an average of 7 days on market in Apr 2024, down by 80.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Poweshiek County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Poweshiek County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.