$4,809 Closing Credit*
$405,000
2,504 SqFt
4 Beds
•3 Full Baths
Tyler Donahue, Listing Office: COLDWELL BANKER HEDGES
Is 52340, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 52340 was a Seller's Market.
Key Takeaway
52340 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 52340, IA
How much do homes in 52340, IA cost?
Median Sold Price
$364,445
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,545(+4.2%)
Key Takeaway
Homes in 52340 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 52340 was $364,445 in October 2024, up 4.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $138K | $193.5K | +40.2% |
| 3 Bedrooms | $299.9K | $310.7K | +3.6% |
| 4 Bedrooms | $364.9K | $364.9K | 0.0% |
| 5+ Bedrooms | $497.1K | $499.9K | +0.6% |
Summary: 52340 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 52340, IA
How many homes are available in 52340, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The 52340 real estate market had 52 homes for sale in October 2024, a 1.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 52340 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 13.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 52340, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 52340 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.
Days on Market for 52340, IA
How long does it take to sell a home in 52340, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 118 Days | +143.8% |
Summary: Homes in 52340 had an average of 118 days on market in Oct 2024, up by 143.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 52340 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in 52340; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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. Information Is Believed To Be Accurate But Not Guaranteed.