$3,563 Closing Credit*
$300,000
2,384 SqFt
2 Beds
•2 Full Baths
Olivia's Real Estate Team, Listing Office: IOWA REALTY
Is Central City, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central City was a Seller's Market.
Key Takeaway
Central City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central City, IA
How much do homes in Central City, IA cost?
Median Sold Price
$165,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.6%)
Key Takeaway
Homes in Central City have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Central City was $165,000 in October 2024, down 0.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $140K | +125.8% |
| 2 Bedrooms | - | $160K | N/A |
| 3 Bedrooms | $169.6K | $220K | +29.7% |
| 4 Bedrooms | $175K | $98.7K | -43.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Central City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 29.7%, 4 bedroom homes decreased by 43.6%, and 5+ bedroom homes did not change.
Housing Supply in Central City, IA
How many homes are available in Central City, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Central City real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central City, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Central City in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Central City, IA
How long does it take to sell a home in Central City, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 59 Days | +365.8% |
Summary: Homes in Central City had an average of 59 days on market in Oct 2024, up by 365.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central City has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Central City; 0% of homes were sold within 30 days, 100% 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.