$2,874 Closing Credit*
$242,000
1,152 SqFt
2 Beds
•1 Full Bath
Sarah Buchheit, Listing Office: Pella Real Estate Services
Is 50219, 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, 50219 has remained a Seller's Market.
Key Takeaway
50219 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50219, IA
How much do homes in 50219, IA cost?
Median Sold Price
$353,129
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$871(-0.2%)
Key Takeaway
The sold price of homes in 50219 has remained the same since last year.
Summary: The median home sold price in 50219 was $353,129 in October 2024, down 0.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $235K | +52.5% |
| 2 Bedrooms | $285K | $240K | -15.8% |
| 3 Bedrooms | $292.5K | $329K | +12.5% |
| 4 Bedrooms | $374.7K | $375K | 0.1% |
| 5+ Bedrooms | $535K | $556K | +3.9% |
Summary: 50219 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 50219, IA
How many homes are available in 50219, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 79 | +5.3% |
Summary: The 50219 real estate market had 79 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The 50219 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 increased by 9.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50219, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 50219 in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.
Days on Market for 50219, IA
How long does it take to sell a home in 50219, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 40 Days | -2.8% |
Summary: Homes in 50219 had an average of 40 days on market in Oct 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50219 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 50219; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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.