Is Warren 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, 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
$304,985
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Warren County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Warren County was $304,985 in May 2024, up 6.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $142.5K | +35.7% |
| 2 Bedrooms | $195K | $198.7K | +1.9% |
| 3 Bedrooms | $255K | $272.4K | +6.8% |
| 4 Bedrooms | $359.6K | $337.7K | -6.1% |
| 5+ Bedrooms | $535K | $538.8K | +0.7% |
Summary: Warren County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
| Madison County | $229K | $268.9K | +17.4% |
| Marion County | $244.8K | $263.9K | +7.8% |
| Warren County | $286.7K | $304.9K | +6.4% |
| Polk County | $270.5K | $283.3K | +4.7% |
| Lucas County | $158K | $142.7K | -9.7% |
Housing Supply in Warren County, IA
How many homes are available in Warren County, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 362 | 375 | +3.6% |
Summary: The Warren County real estate market had 375 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 34 | 34 | 0.0% |
| 3 Bedrooms | 153 | 166 | +8.5% |
| 4 Bedrooms | 134 | 122 | -9.0% |
| 5+ Bedrooms | 41 | 52 | +26.8% |
Summary: The Warren County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 89 | +53.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
20 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. 52.8% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Warren County in May 2024, up by 53.4% month-over-month. Of the 89 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 81 Days | +35.1% |
Summary: Homes in Warren County had an average of 81 days on market in May 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
23 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 May 2024, 89 homes were sold in Warren County; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
