Is 52402, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 52402 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 52402 has remained a Seller's Market.

Key Takeaway

52402 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 52402, IA

How much do homes in 52402, IA cost?

Median Sold Price

$192,625

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,658(+4.1%)

Key Takeaway

Homes in 52402 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 52402 was $192,625 in October 2024, up 4.1% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $78K$84.9K
+8.9%
2 $135K$140K
+3.7%
3 $184.5K$200K
+8.4%
4 $248K$255K
+2.8%
5+ $325K$300K
-7.7%

Summary: 52402 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

52401
+29.1%
52328
+12.6%
52402
+4.1%
52233
-1.3%

Housing Supply in 52402, IA

How many homes are available in 52402, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2062070.5%

Summary: The 52402 real estate market had 207 homes for sale in October 2024, a 0.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 6164
+4.9%
3 98102
+4.1%
4 3732
-13.5%
5+ 88
0.0%

Summary: The 52402 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5952-11.9%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 52402, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 52402 in October 2024, down by 11.9% month-over-month. Of the 52 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 52402, IA

How long does it take to sell a home in 52402, IA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days21 Days-29.4%

Summary: Homes in 52402 had an average of 21 days on market in Oct 2024, down by 29.4% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 52402 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in 52402; 71% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 2% 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 4 Days Ago

Newest Listings in 52402, IA

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