$300,000
2.84 Acres
Land
•1 Full Bath
Pennie Carroll, Listing Office: Pennie Carroll & Associates
Is 50237, 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, 50237 was a Seller's Market.
Key Takeaway
50237 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 50237, IA
How much do homes in 50237, IA cost?
Median Sold Price
$428,500
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,500(+2.0%)
Key Takeaway
Homes in 50237 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 50237 was $428,500 in October 2024, up 2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185.2K | $142K | -23.3% |
| 3 Bedrooms | $419.9K | $423.5K | +0.9% |
| 4 Bedrooms | $542.5K | $370K | -31.8% |
| 5+ Bedrooms | $427K | $474K | +11.0% |
Summary: 50237 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 23.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Zip Codes
| 50327 | $295K | $325K | +10.2% |
| 50237 | $420K | $428.5K | +2.0% |
| 50047 | $308.9K | $280K | -9.4% |
Housing Supply in 50237, IA
How many homes are available in 50237, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The 50237 real estate market had 21 homes for sale in October 2024, a 10.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 50237 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50237, 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 50237 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 50237, IA
How long does it take to sell a home in 50237, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 40 Days | -20.0% |
Summary: Homes in 50237 had an average of 40 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50237 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 50237; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
