$3,266 Closing Credit*
$275,000
1,669 SqFt
3 Beds
•2 Full Baths, 1 Partial
Debra Callahan, Listing Office: RE/MAX CONCEPTS
Is 52402, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78K | $84.9K | +8.9% |
| 2 Bedrooms | $135K | $140K | +3.7% |
| 3 Bedrooms | $184.5K | $200K | +8.4% |
| 4 Bedrooms | $248K | $255K | +2.8% |
| 5+ Bedrooms | $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 | $123.5K | $159.5K | +29.1% |
| 52328 | $350K | $394K | +12.6% |
| 52402 | $184.9K | $192.6K | +4.1% |
| 52233 | $225K | $222K | -1.3% |
Housing Supply in 52402, IA
How many homes are available in 52402, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 206 | 207 | 0.5% |
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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 61 | 64 | +4.9% |
| 3 Bedrooms | 98 | 102 | +4.1% |
| 4 Bedrooms | 37 | 32 | -13.5% |
| 5+ Bedrooms | 8 | 8 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 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
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.
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.