Is 50208, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 50208 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 50208 was a Seller's Market.

Key Takeaway

50208 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 50208, IA

How much do homes in 50208, IA cost?

Median Sold Price

$175,833

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,833(+7.9%)

Key Takeaway

Homes in 50208 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 50208 was $175,833 in October 2024, up 7.9% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45K$64K
+42.2%
2 $123K$138.2K
+12.4%
3 $172.4K$192K
+11.4%
4 $208K$252.9K
+21.6%
5+ $411.3K$224K
-45.6%

Summary: 50208 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 45.6%.

Median Sold Price Compared To Nearby Zip Codes

50208
+7.9%
50028
+2.5%

Housing Supply in 50208, IA

How many homes are available in 50208, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120111-7.5%

Summary: The 50208 real estate market had 111 homes for sale in October 2024, a 7.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 2924
-17.2%
3 5553
-3.6%
4 2120
-4.8%
5+ 1011
+10.0%

Summary: The 50208 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3316-51.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 50208, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 50208 in October 2024, down by 51.5% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 50208, IA

How long does it take to sell a home in 50208, IA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days69 Days+84.3%

Summary: Homes in 50208 had an average of 69 days on market in Oct 2024, up by 84.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 50208 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 50208; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 50208, IA

Nearby Markets to 50208, IA