$2,375 Closing Credit*
$200,000
1,269 SqFt
3 Beds
•1 Full Bath
Debra Callahan, Listing Office: RE/MAX CONCEPTS
Is Cedar Hills, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cedar Hills was a Neutral Market.
Key Takeaway
Cedar Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Hills, IA
How much do homes in Cedar Hills, IA cost?
Median Sold Price
$190,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+4.1%)
Key Takeaway
Homes in Cedar Hills have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Cedar Hills was $190,000 in November 2024, up 4.1% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $133.7K | +7.0% |
| 3 Bedrooms | $183.2K | $193.2K | +5.4% |
| 4 Bedrooms | $217K | $209K | -3.7% |
| 5+ Bedrooms | $252.5K | $224.5K | -11.1% |
Summary: Cedar Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westdale | $192K | $203.5K | +6.0% |
| Cedar Hills | $182.5K | $190K | +4.1% |
Housing Supply in Cedar Hills, IA
How many homes are available in Cedar Hills, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Summary: The Cedar Hills real estate market had 27 homes for sale in November 2024, a 42.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cedar Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cedar Hills in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Cedar Hills, IA
How long does it take to sell a home in Cedar Hills, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 15 Days | +130.8% |
Summary: Homes in Cedar Hills had an average of 15 days on market in Nov 2024, up by 130.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Cedar Hills; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.