$5,699 Closing Credit*
$479,900
1,465 SqFt
2 Beds
•2 Full Baths
Brad Mason, Listing Office: RE/MAX Precision
Is 50023, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 50023 has remained a Seller's Market.
Key Takeaway
50023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50023, IA
How much do homes in 50023, IA cost?
Median Sold Price
$347,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,750(+3.8%)
Key Takeaway
Homes in 50023 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 50023 was $347,750 in November 2024, up 3.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206K | N/A |
| 2 Bedrooms | $200K | $215K | +7.5% |
| 3 Bedrooms | $302.6K | $305K | +0.8% |
| 4 Bedrooms | $397.9K | $391.9K | -1.5% |
| 5+ Bedrooms | $530K | $515K | -2.8% |
Summary: 50023 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 7.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 50023, IA
How many homes are available in 50023, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 377 | 334 | -11.4% |
Summary: The 50023 real estate market had 334 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 36 | -12.2% |
| 3 Bedrooms | 155 | 144 | -7.1% |
| 4 Bedrooms | 131 | 112 | -14.5% |
| 5+ Bedrooms | 50 | 42 | -16.0% |
Summary: The 50023 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 12.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 63 | -7.4% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50023, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in 50023 in November 2024, down by 7.4% month-over-month. Of the 63 sold homes, 56% were sold under asking, 32% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 43 Days | -19.4% |
Summary: Homes in 50023 had an average of 43 days on market in Nov 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
15 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 November 2024, 63 homes were sold in 50023; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
