Is Guthrie County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Guthrie County has remained a Seller's Market.
Key Takeaway
Guthrie County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Guthrie County, IA
How much do homes in Guthrie County, IA cost?
Median Sold Price
$290,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Guthrie County have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Guthrie County was $290,000 in May 2024, up 19.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $28.8K | - | N/A |
| 2 Bedrooms | $164.7K | $183.9K | +11.7% |
| 3 Bedrooms | $244K | $289.5K | +18.7% |
| 4 Bedrooms | $257.5K | $308.1K | +19.7% |
| 5+ Bedrooms | $362.4K | $850K | +134.5% |
Summary: Guthrie County 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 increased by 11.7%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 134.5%.
Median Sold Price Compared To Nearby Counties
| Greene County | $85.4K | $135.5K | +58.5% |
| Guthrie County | $242.8K | $290K | +19.4% |
| Adair County | $155K | $163.5K | +5.5% |
| Dallas County | $337.7K | $349.9K | +3.6% |
Housing Supply in Guthrie County, IA
How many homes are available in Guthrie County, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Summary: The Guthrie County real estate market had 62 homes for sale in May 2024, a 1.6% increase 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Guthrie County 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Guthrie County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Guthrie County in May 2024, up by 100.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for Guthrie County, IA
How long does it take to sell a home in Guthrie County, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 56 Days | +48.8% |
Summary: Homes in Guthrie County had an average of 56 days on market in May 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Guthrie County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Guthrie County; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
