$2,227 Closing Credit*
$187,500
1,566 SqFt
2 Beds
•1 Full Bath, 1 Partial
Shannon Feuerbach, Listing Office: Pinnacle Realty LLC
Is 52404, 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, 52404 has remained a Seller's Market.
Key Takeaway
52404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 52404, IA
How much do homes in 52404, IA cost?
Median Sold Price
$195,666
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,666(+5.8%)
Key Takeaway
Homes in 52404 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 52404 was $195,666 in October 2024, up 5.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $115.5K | +40.9% |
| 2 Bedrooms | $135K | $149.9K | +11.1% |
| 3 Bedrooms | $187.2K | $194.5K | +3.9% |
| 4 Bedrooms | $283K | $290K | +2.5% |
| 5+ Bedrooms | $389.5K | $376.9K | -3.2% |
Summary: 52404 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 52404, IA
How many homes are available in 52404, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 184 | 190 | +3.3% |
Summary: The 52404 real estate market had 190 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 39 | 37 | -5.1% |
| 3 Bedrooms | 86 | 90 | +4.7% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 52404 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 decreased by 5.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 52404, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 52404 in October 2024, down by 9.3% month-over-month. Of the 39 sold homes, 67% were sold under asking, 15% were sold at asking, and 18% were sold over asking.
Days on Market for 52404, IA
How long does it take to sell a home in 52404, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +20.8% |
Summary: Homes in 52404 had an average of 25 days on market in Oct 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 52404 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in 52404; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% 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.