$4,631 Closing Credit*
$390,000
1,629 SqFt
4 Beds
•1 Full Bath, 1 Partial
Kim Olmstead, Listing Office: Agency Iowa
Is 50156, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 50156 has remained a Seller's Market.
Key Takeaway
50156 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50156, IA
How much do homes in 50156, IA cost?
Median Sold Price
$265,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,000(-9.2%)
Key Takeaway
Homes in 50156 have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in 50156 was $265,000 in October 2024, down 9.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $193.4K | N/A |
| 2 Bedrooms | $208.5K | $176K | -15.6% |
| 3 Bedrooms | $292K | $262.5K | -10.1% |
| 4 Bedrooms | $353.5K | $301.6K | -14.7% |
| 5+ Bedrooms | $220K | $370K | +68.2% |
Summary: 50156 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 15.6%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 68.2%.
Median Sold Price Compared To Nearby Zip Codes
| 50276 | $220K | $274.9K | +25.0% |
| 50156 | $292K | $265K | -9.2% |
Housing Supply in 50156, IA
How many homes are available in 50156, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 50156 real estate market had 15 homes for sale in October 2024, a 6.3% decrease 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 50156 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 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50156, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 50156 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 50156, IA
How long does it take to sell a home in 50156, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 58 Days | +48.8% |
Summary: Homes in 50156 had an average of 58 days on market in Oct 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50156 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 50156; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.