$1,950,000
13.46 Acres
Land
•2 Full Baths, 1 Partial
Marc Olson, Listing Office: Re/max Concepts-Nevada
Is 50248, 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, 50248 has remained a Seller's Market.
Key Takeaway
50248 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50248, IA
How much do homes in 50248, IA cost?
Median Sold Price
$239,950
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,050(-2.1%)
Key Takeaway
Homes in 50248 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 50248 was $239,950 in October 2024, down 2.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | - | N/A |
| 2 Bedrooms | $125.5K | $192K | +53.0% |
| 3 Bedrooms | $229.2K | $225K | -1.9% |
| 4 Bedrooms | $370K | $369.9K | 0% |
| 5+ Bedrooms | $502.7K | $283K | -43.7% |
Summary: 50248 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 increased by 53%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 43.7%.
Median Sold Price Compared To Nearby Zip Codes
| 50236 | $175K | $240K | +37.1% |
| 50248 | $245K | $239.9K | -2.1% |
Housing Supply in 50248, IA
How many homes are available in 50248, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 50248 real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 50248 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 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 50248, 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 50248 in October 2024, up by 100.0% 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 50248, IA
How long does it take to sell a home in 50248, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 7 Days | -90.1% |
Summary: Homes in 50248 had an average of 7 days on market in Oct 2024, down by 90.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50248 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 50248; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
