Is 50247, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 50247 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 50247 has remained a Seller's Market.

Key Takeaway

50247 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 50247, IA

How much do homes in 50247, IA cost?

Median Sold Price

$361,750

$184/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$88,250(-19.6%)

Key Takeaway

Homes in 50247 have sold for 19.6% less than they did a month ago.

Summary: The median home sold price in 50247 was $361,750 in October 2024, down 19.6% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $450K$361.7K
-19.6%
5+ --
N/A

Summary: 50247 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 did not change, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes did not change.

Housing Supply in 50247, IA

How many homes are available in 50247, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The 50247 real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 00
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The 50247 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 50247, 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 50247 in October 2024, up by 100.0% 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 50247, IA

How long does it take to sell a home in 50247, IA?

Average Sale Time

Sep 2024Oct 2024CHANGE
76 Days86 Days+13.2%

Summary: Homes in 50247 had an average of 86 days on market in Oct 2024, up by 13.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 50247 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 50247; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 50247, IA

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