Is Warren County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Warren County has remained a Seller's Market.
Key Takeaway
Warren County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Warren County, IA
How much do homes in Warren County, IA cost?
Median Sold Price
$300,840
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Warren County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Warren County was $300,840 in April 2024, up 5.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $142.5K | +29.5% |
| 2 Bedrooms | $190K | $198.7K | +4.6% |
| 3 Bedrooms | $250.7K | $273.3K | +9.0% |
| 4 Bedrooms | $359.9K | $339K | -5.8% |
| 5+ Bedrooms | $566.6K | $510K | -10.0% |
Summary: Warren County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Counties
| Madison County | $222.7K | $267.5K | +20.1% |
| Marion County | $235K | $255K | +8.5% |
| Warren County | $284K | $300.8K | +5.9% |
| Polk County | $265K | $280.6K | +5.9% |
Housing Supply in Warren County, IA
How many homes are available in Warren County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 309 | 300 | -2.9% |
Summary: The Warren County real estate market had 300 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 32 | +18.5% |
| 3 Bedrooms | 132 | 131 | -0.8% |
| 4 Bedrooms | 109 | 97 | -11.0% |
| 5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Warren 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 18.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 54 | 0.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Warren County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Warren County in April 2024, the same as the previous month. Of the 54 sold homes, 56% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Warren County, IA
How long does it take to sell a home in Warren County, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 66 Days | -4.0% |
Summary: Homes in Warren County had an average of 66 days on market in Apr 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Warren County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 54 homes were sold in Warren County; 57% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
