$4,048 Closing Credit*
$340,900
1,676 SqFt
Studio
B.J. KNAPP, Listing Office: Iowa Realty Mills Crossing
Is 50309, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 50309 was a Seller's Market.
Key Takeaway
50309 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 50309, IA
How much do homes in 50309, IA cost?
Median Sold Price
$272,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,500(-5.7%)
Key Takeaway
Homes in 50309 have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in 50309 was $272,000 in November 2024, down 5.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.6K | $168K | -21.7% |
| 2 Bedrooms | $329.2K | $295K | -10.4% |
| 3 Bedrooms | $429.9K | $538.2K | +25.2% |
| 4 Bedrooms | $212.9K | $444K | +108.5% |
| 5+ Bedrooms | $195K | $595K | +205.1% |
Summary: 50309 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 108.5%, and 5+ bedroom homes increased by 205.1%.
Median Sold Price Compared To Nearby Zip Codes
| 50314 | $160K | $168K | +5.0% |
| 50309 | $288.5K | $272K | -5.7% |
Housing Supply in 50309, IA
How many homes are available in 50309, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 72 | -1.4% |
Summary: The 50309 real estate market had 72 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 50309 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50309, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 50309 in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 50309, IA
How long does it take to sell a home in 50309, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 149 Days | 73 Days | -51.0% |
Summary: Homes in 50309 had an average of 73 days on market in Nov 2024, down by 51% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50309 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 50309; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
