Is Creston, 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, Creston has remained a Neutral Market.
Key Takeaway
Creston is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Creston, IA
How much do homes in Creston, IA cost?
Median Sold Price
$85,500
$84/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Creston have sold for 73% less than they did a month ago.
Summary: The median home sold price in Creston was $85,500 in May 2024, down 73% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $22K | N/A |
| 3 Bedrooms | - | $149K | N/A |
| 4 Bedrooms | $524K | - | N/A |
| 5+ Bedrooms | $110K | - | N/A |
Summary: Creston housing prices by bedroom type for May 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Creston, IA
How many homes are available in Creston, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Creston real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Creston 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 increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Creston, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Creston in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Creston, IA
How long does it take to sell a home in Creston, IA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 Days | 15 Days | +3000.0% |
Summary: Homes in Creston had an average of 15 days on market in May 2024, up by 3000% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Creston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Creston; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
