$831 Closing Credit*
$70,000
1,978 SqFt
5 Beds
•2 Full Baths
Jeff Kinion, Listing Office: Realty ONE Group Impact
Is 50316, 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, 50316 has remained a Seller's Market.
Key Takeaway
50316 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50316, IA
How much do homes in 50316, IA cost?
Median Sold Price
$165,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,500(+10.3%)
Key Takeaway
Homes in 50316 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 50316 was $165,500 in October 2024, up 10.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $105.2K | +75.4% |
| 2 Bedrooms | $134.3K | $152K | +13.1% |
| 3 Bedrooms | $163.7K | $175K | +6.9% |
| 4 Bedrooms | $206K | $210K | +1.9% |
| 5+ Bedrooms | $262.5K | $248K | -5.5% |
Summary: 50316 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 50316, IA
How many homes are available in 50316, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The 50316 real estate market had 75 homes for sale in October 2024, a 2.7% 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 | 27 | 27 | 0.0% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 50316 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 decreased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50316, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 50316 in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 50316, IA
How long does it take to sell a home in 50316, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +110.5% |
Summary: Homes in 50316 had an average of 43 days on market in Oct 2024, up by 110.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50316 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 50316; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
