$2,672 Closing Credit*
$225,000
1,186 SqFt
3 Beds
•1 Full Bath
Laura Slavin, Listing Office: RE/MAX Precision
Is 50316, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,550(+6.8%)
Key Takeaway
Homes in 50316 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 50316 was $165,500 in November 2024, up 6.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $105.2K | +75.4% |
| 2 Bedrooms | $134.6K | $154K | +14.4% |
| 3 Bedrooms | $162.5K | $174K | +7.1% |
| 4 Bedrooms | $207.7K | $205K | -1.3% |
| 5+ Bedrooms | $262.5K | $217.9K | -17.0% |
Summary: 50316 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.4%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 50316, IA
How many homes are available in 50316, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 | 64 | -11.1% |
Summary: The 50316 real estate market had 64 homes for sale in November 2024, a 11.1% 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 | 28 | 23 | -17.9% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 50316 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 17.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50316, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 50316 in November 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +61.4% |
Summary: Homes in 50316 had an average of 34 days on market in Nov 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
11 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 50316 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 50316; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
