$849,000
5.67 Acres
Land
•1 Full Bath
Kate Marlay, Listing Office: Realty ONE Group Impact
Is 50124, 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, 50124 was a Buyer's Market.
Key Takeaway
50124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50124, IA
How much do homes in 50124, IA cost?
Median Sold Price
$318,750
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$42,500(-11.8%)
Key Takeaway
Homes in 50124 have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in 50124 was $318,750 in October 2024, down 11.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $197.4K | -1.3% |
| 3 Bedrooms | $307.5K | $302.5K | -1.6% |
| 4 Bedrooms | $410K | $452.5K | +10.4% |
| 5+ Bedrooms | $439.9K | $528.9K | +20.2% |
Summary: 50124 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 decreased by 1.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Zip Codes
| 50010 | $282.5K | $289.9K | +2.7% |
| 50124 | $361.2K | $318.7K | -11.8% |
Housing Supply in 50124, IA
How many homes are available in 50124, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Summary: The 50124 real estate market had 28 homes for sale in October 2024, a 21.7% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 11 | +120.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 50124 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 120%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50124, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 50124 in October 2024, up by 100.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 50124, IA
How long does it take to sell a home in 50124, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 95 Days | +1065.5% |
Summary: Homes in 50124 had an average of 95 days on market in Oct 2024, up by 1065.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50124 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 50124; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
