$5,639 Closing Credit*
$474,900
1,509 SqFt
5 Beds
•2 Full Baths
Amanda Mickelsen, Listing Office: Keller Williams Realty GDM
Is 50240, 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, 50240 has remained a Seller's Market.
Key Takeaway
50240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50240, IA
How much do homes in 50240, IA cost?
Median Sold Price
$649,500
$346/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$292,500(+81.9%)
Key Takeaway
Homes in 50240 have sold for 81.9% more than they did a month ago.
Summary: The median home sold price in 50240 was $649,500 in October 2024, up 81.9% from last month, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $273.2K | $514K | +88.1% |
| 4 Bedrooms | $550K | - | N/A |
| 5+ Bedrooms | $225K | $785K | +248.9% |
Summary: 50240 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 did not change, 3 bedroom homes increased by 88.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 248.9%.
Housing Supply in 50240, IA
How many homes are available in 50240, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The 50240 real estate market had 9 homes for sale in October 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 50240 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 decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50240, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 50240 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 50240, IA
How long does it take to sell a home in 50240, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 104 Days | +49.8% |
Summary: Homes in 50240 had an average of 104 days on market in Oct 2024, up by 49.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50240 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 50240; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
