Is 52404, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 52404 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $82K$115.5K
+40.9%
2 $135K$149.9K
+11.1%
3 $187.2K$194.5K
+3.9%
4 $283K$290K
+2.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

52401
+29.1%
52228
+9.1%
52403
+8.5%
52404
+5.8%
52405
+5.4%

Housing Supply in 52404, IA

How many homes are available in 52404, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
184190+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

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3937
-5.1%
3 8690
+4.7%
4 4853
+10.4%
5+ 98
-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 2024Oct 2024CHANGE
4339-9.3%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
21 Days25 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

Breakdown of Home Sale Times

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.

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 52404, IA

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