$3,503 Closing Credit*
$295,000
1,212 SqFt
3 Beds
•2 Baths
Jennifer A. Neill, Listing Office: Keller Williams Greater Omaha
Is 51503, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 51503 has remained a Seller's Market.
Key Takeaway
51503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 51503, IA
How much do homes in 51503, IA cost?
Median Sold Price
$337,500
$140/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$107,600(+46.8%)
Key Takeaway
Homes in 51503 have sold for 46.8% more than they did a month ago.
Summary: The median home sold price in 51503 was $337,500 in October 2024, up 46.8% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65K | $184K | +183.1% |
| 3 Bedrooms | $229.9K | $320.7K | +39.5% |
| 4 Bedrooms | $437K | $485K | +11.0% |
| 5+ Bedrooms | - | $800K | N/A |
Summary: 51503 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 183.1%, 3 bedroom homes increased by 39.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 51503 | $229.9K | $337.5K | +46.8% |
| 68005 | $225K | $221.7K | -1.4% |
Housing Supply in 51503, IA
How many homes are available in 51503, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The 51503 real estate market had 22 homes for sale in October 2024, a 15.8% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 51503 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 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 51503, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 51503 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 51503, IA
How long does it take to sell a home in 51503, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 50 Days | +363.0% |
Summary: Homes in 51503 had an average of 50 days on market in Oct 2024, up by 363% compared to last month.
Breakdown of Home Sale Times
3 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 51503 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 51503; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.