$3,063 Closing Credit*
$257,900
1,611 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ebi Christopher, Listing Office: Keller Williams Realty GDM
Is 50023, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 50023 was a Seller's Market.
Key Takeaway
50023 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 50023, IA
How much do homes in 50023, IA cost?
Median Sold Price
$348,800
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,692(+4.1%)
Key Takeaway
Homes in 50023 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 50023 was $348,800 in October 2024, up 4.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206K | N/A |
| 2 Bedrooms | $210.5K | $212.2K | +0.8% |
| 3 Bedrooms | $300.7K | $305K | +1.4% |
| 4 Bedrooms | $397.9K | $390K | -2.0% |
| 5+ Bedrooms | $534.2K | $515K | -3.6% |
Summary: 50023 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 50023, IA
How many homes are available in 50023, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 353 | 381 | +7.9% |
Summary: The 50023 real estate market had 381 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 37 | -9.8% |
| 3 Bedrooms | 140 | 158 | +12.9% |
| 4 Bedrooms | 123 | 134 | +8.9% |
| 5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The 50023 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 59 | -6.3% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50023, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in 50023 in October 2024, down by 6.3% month-over-month. Of the 59 sold homes, 47% were sold under asking, 34% were sold at asking, and 19% were sold over asking.
Days on Market for 50023, IA
How long does it take to sell a home in 50023, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 71 Days | +8.4% |
Summary: Homes in 50023 had an average of 71 days on market in Oct 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50023 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 59 homes were sold in 50023; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
