Is Urbandale, 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, Urbandale has remained a Seller's Market.
Key Takeaway
Urbandale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Urbandale, IA
How much do homes in Urbandale, IA cost?
Median Sold Price
$334,333
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Urbandale have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Urbandale was $334,333 in May 2024, up 4.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.5K | $195K | +11.1% |
| 3 Bedrooms | $291.6K | $300K | +2.9% |
| 4 Bedrooms | $397.4K | $419.4K | +5.6% |
| 5+ Bedrooms | $598K | $600.1K | 0.4% |
Summary: Urbandale 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 11.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Clive | $415K | $450.5K | +8.6% |
| Walnut Township | $379.9K | $409.9K | +7.9% |
| Urbandale | $319K | $334.3K | +4.8% |
| Webster Township | $297.2K | $311.5K | +4.8% |
| Grimes | $343.6K | $349.9K | +1.8% |
Housing Supply in Urbandale, IA
How many homes are available in Urbandale, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 402 | 410 | +2.0% |
Summary: The Urbandale real estate market had 410 homes for sale in May 2024, a 2.0% 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 | 41 | 50 | +22.0% |
| 3 Bedrooms | 135 | 129 | -4.4% |
| 4 Bedrooms | 138 | 140 | +1.4% |
| 5+ Bedrooms | 88 | 91 | +3.4% |
Summary: The Urbandale 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 22%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 74 | +10.4% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Urbandale, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Urbandale in May 2024, up by 10.4% month-over-month. Of the 74 sold homes, 47% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Urbandale, IA
How long does it take to sell a home in Urbandale, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 50 Days | +20.1% |
Summary: Homes in Urbandale had an average of 50 days on market in May 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Urbandale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 74 homes were sold in Urbandale; 57% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
