$500,000
1.52 Acres
Land
•1 Full Bath
Seth Walker, Listing Office: RE/MAX Concepts
Is 50237, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 50237 has remained a Buyer's Market.
Key Takeaway
50237 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 50237, IA
How much do homes in 50237, IA cost?
Median Sold Price
$432,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,050(+2.9%)
Key Takeaway
Homes in 50237 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 50237 was $432,000 in November 2024, up 2.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185.2K | $142K | -23.3% |
| 3 Bedrooms | $417.4K | $432K | +3.5% |
| 4 Bedrooms | $547.5K | $279K | -49.0% |
| 5+ Bedrooms | $565K | $486K | -14.0% |
Summary: 50237 housing prices by bedroom type for November 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 3.5%, 4 bedroom homes decreased by 49%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Zip Codes
| 50327 | $299.9K | $319.1K | +6.4% |
| 50237 | $419.9K | $432K | +2.9% |
| 50047 | $292K | $279.3K | -4.3% |
Housing Supply in 50237, IA
How many homes are available in 50237, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Summary: The 50237 real estate market had 17 homes for sale in November 2024, a 22.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 3 | -62.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 50237 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 62.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 50237 in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 32 Days | -20.0% |
Summary: Homes in 50237 had an average of 32 days on market in Nov 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 2 homes were sold in 50237; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
