Is 51555, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 51555 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 51555 was a Buyer's Market.

Key Takeaway

51555 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 51555, IA

How much do homes in 51555, IA cost?

Median Sold Price

$270,000

$126/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$95,000(+54.3%)

Key Takeaway

Homes in 51555 have sold for 54.3% more than they did a month ago.

Summary: The median home sold price in 51555 was $270,000 in September 2024, up 54.3% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $175K-
N/A
3 --
N/A
4 -$270K
N/A
5+ --
N/A

Summary: 51555 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

51555
+54.3%
51546
+14.3%

Housing Supply in 51555, IA

How many homes are available in 51555, IA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
12120.0%

Summary: The 51555 real estate market had 12 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 57
+40.0%
4 22
0.0%
5+ 33
0.0%

Summary: The 51555 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 51555, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 51555 in September 2024, up by 300.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 51555, IA

How long does it take to sell a home in 51555, IA?

Average Sale Time

Aug 2024Sep 2024CHANGE
9 Days52 Days+477.8%

Summary: Homes in 51555 had an average of 52 days on market in Sep 2024, up by 477.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 51555 has remained consistent over time.

Summary: During September 2024, 4 homes were sold in 51555; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in 51555, IA

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