Is 50021, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 50021 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 50021 was a Neutral Market.

Key Takeaway

50021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 50021, IA

How much do homes in 50021, IA cost?

Median Sold Price

$314,466

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,468(+4.8%)

Key Takeaway

Homes in 50021 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 50021 was $314,466 in November 2024, up 4.8% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$162.2K
N/A
2 $192.5K$200K
+3.9%
3 $290K$300K
+3.4%
4 $385K$362.4K
-5.8%
5+ $534.9K$482.4K
-9.8%

Summary: 50021 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

50313
+6.7%
50021
+4.8%
50023
+3.8%

Housing Supply in 50021, IA

How many homes are available in 50021, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
239202-15.5%

Summary: The 50021 real estate market had 202 homes for sale in November 2024, a 15.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4543
-4.4%
3 8972
-19.1%
4 6754
-19.4%
5+ 3833
-13.2%

Summary: The 50021 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 13.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5639-30.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 50021, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 50021 in November 2024, down by 30.4% month-over-month. Of the 39 sold homes, 56% were sold under asking, 36% were sold at asking, and 8% were sold over asking.

Days on Market for 50021, IA

How long does it take to sell a home in 50021, IA?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days30 Days-46.4%

Summary: Homes in 50021 had an average of 30 days on market in Nov 2024, down by 46.4% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 50021 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 39 homes were sold in 50021; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 50021, IA

Nearby Markets to 50021, IA