$2,968 Closing Credit*
$249,900
1,048 SqFt
2 Beds
•1 Full Bath
Matt Klein, Listing Office: RE/MAX Concepts
Is 50311, 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, 50311 was a Seller's Market.
Key Takeaway
50311 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 50311, IA
How much do homes in 50311, IA cost?
Median Sold Price
$245,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+10.9%)
Key Takeaway
Homes in 50311 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 50311 was $245,000 in November 2024, up 10.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $140.7K | +65.6% |
| 2 Bedrooms | $175.7K | $200K | +13.8% |
| 3 Bedrooms | $239.5K | $266K | +11.1% |
| 4 Bedrooms | $255K | $309.2K | +21.3% |
| 5+ Bedrooms | $260K | $230K | -11.5% |
Summary: 50311 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in 50311, IA
How many homes are available in 50311, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 68 | -12.8% |
Summary: The 50311 real estate market had 68 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 28 | 22 | -21.4% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The 50311 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 50311, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 50311 in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +34.3% |
Summary: Homes in 50311 had an average of 32 days on market in Nov 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 November 2024, 10 homes were sold in 50311; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
