$2,968 Closing Credit*
$249,950
2,110 SqFt
4 Beds
•3 Full Baths, 1 Partial
Gary Doerrfeld, Listing Office: COLDWELL BANKER HEDGES CORRIDOR
Is 52402, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$194,457
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,457(+5.1%)
Key Takeaway
Homes in 52402 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 52402 was $194,457 in November 2024, up 5.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $79K | -4.8% |
| 2 Bedrooms | $139.7K | $140K | 0.2% |
| 3 Bedrooms | $185K | $200K | +8.1% |
| 4 Bedrooms | $248.5K | $255K | +2.6% |
| 5+ Bedrooms | $330K | $295K | -10.6% |
Summary: 52402 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Zip Codes
| 52401 | $124.9K | $155K | +24.1% |
| 52328 | $347.1K | $415K | +19.6% |
| 52402 | $185K | $194.4K | +5.1% |
| 52233 | $244K | $215K | -11.9% |
Housing Supply in 52402, IA
How many homes are available in 52402, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 202 | -9.0% |
Summary: The 52402 real estate market had 202 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 66 | 65 | -1.5% |
| 3 Bedrooms | 110 | 96 | -12.7% |
| 4 Bedrooms | 38 | 31 | -18.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 52402 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 55 | -6.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 52402, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 52402 in November 2024, down by 6.8% month-over-month. Of the 55 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -3.6% |
Summary: Homes in 52402 had an average of 26 days on market in Nov 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 52402 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 55 homes were sold in 52402; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% 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.