$2,909 Closing Credit*
$245,000
1,157 SqFt
3 Beds
•1 Full Bath
Laura Major, Listing Office: Century 21 Signature
Is 50311, 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, 50311 has remained a Seller's Market.
Key Takeaway
50311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50311, IA
How much do homes in 50311, IA cost?
Median Sold Price
$243,450
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,339(+10.1%)
Key Takeaway
Homes in 50311 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 50311 was $243,450 in October 2024, up 10.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $165K | +112.9% |
| 2 Bedrooms | $177.2K | $205K | +15.7% |
| 3 Bedrooms | $239.5K | $260K | +8.6% |
| 4 Bedrooms | $247.5K | $288.7K | +16.7% |
| 5+ Bedrooms | $251.5K | $230K | -8.5% |
Summary: 50311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 112.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 50311, IA
How many homes are available in 50311, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 81 | +15.7% |
Summary: The 50311 real estate market had 81 homes for sale in October 2024, a 15.7% increase 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 | 18 | 21 | +16.7% |
| 3 Bedrooms | 19 | 29 | +52.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 50311 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 16.7%, 3 bedroom homes increased by 52.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50311, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 50311 in October 2024, up by 53.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.
Days on Market for 50311, IA
How long does it take to sell a home in 50311, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 20 Days | -58.5% |
Summary: Homes in 50311 had an average of 20 days on market in Oct 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 50311 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 50311; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
