$2,909 Closing Credit*
$245,000
1,778 SqFt
3 Beds
•2 Full Baths, 1 Partial
Leslie Berger, Listing Office: SKOGMAN REALTY
Is Cedar Hills, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cedar Hills has remained a Seller's 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
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,000(+5.6%)
Key Takeaway
Homes in Cedar Hills have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Cedar Hills was $190,000 in September 2024, up 5.6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128.5K | $133.1K | +3.6% |
| 3 Bedrooms | $182.5K | $193.2K | +5.9% |
| 4 Bedrooms | $199.9K | $204.9K | +2.5% |
| 5+ Bedrooms | $250K | $239.7K | -4.1% |
Summary: Cedar Hills housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westdale | $190K | $204K | +7.4% |
| Cedar Hills | $180K | $190K | +5.6% |
Housing Supply in Cedar Hills, IA
How many homes are available in Cedar Hills, IA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Cedar Hills real estate market had 23 homes for sale in September 2024, a 4.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cedar Hills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Hills, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Cedar Hills in September 2024, up by 11.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -15.3% |
Summary: Homes in Cedar Hills had an average of 10 days on market in Sep 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
8 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 September 2024, 10 homes were sold in Cedar Hills; 80% of homes were sold within 30 days, 10% 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.