$2,908 Closing Credit*
$244,900
1,640 SqFt
4 Beds
•2 Full Baths
Gomez, Guadalupe M, Listing Office: RE/MAX Precision
Is 50158, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 50158 has remained a Seller's Market.
Key Takeaway
50158 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50158, IA
How much do homes in 50158, IA cost?
Median Sold Price
$208,000
$157/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$33,000(+18.9%)
Key Takeaway
Homes in 50158 have sold for 18.9% more than they did a month ago.
Summary: The median home sold price in 50158 was $208,000 in October 2024, up 18.9% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $129K | -14.0% |
| 3 Bedrooms | $169K | $208K | +23.1% |
| 4 Bedrooms | $274.9K | $198K | -28.0% |
| 5+ Bedrooms | $270K | - | N/A |
Summary: 50158 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes did not change.
Housing Supply in 50158, IA
How many homes are available in 50158, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 35 | -20.5% |
Summary: The 50158 real estate market had 35 homes for sale in October 2024, a 20.5% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 27 | 20 | -25.9% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 50158 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 25%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50158, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 50158 in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 50158, IA
How long does it take to sell a home in 50158, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 130 Days | +1459.5% |
Summary: Homes in 50158 had an average of 130 days on market in Oct 2024, up by 1459.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50158 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 50158; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.