$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 November 2023
Since last year, Central City has remained a Seller's Market.
Key Takeaway
Central City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central City, IA
How much do homes in Central City, IA cost?
Median Sold Price
$220,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,077(+33.4%)
Key Takeaway
Homes in Central City have sold for 33.4% more than they did a year ago.
Summary: The median home sold price in Central City was $220,000 in November 2024, up 33.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $140K | +125.8% |
| 2 Bedrooms | - | $160K | N/A |
| 3 Bedrooms | $169.6K | $252.5K | +48.8% |
| 4 Bedrooms | $235.5K | $98.7K | -58.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Central City housing prices by bedroom type for November 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 48.8%, 4 bedroom homes decreased by 58.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Central City | $164.9K | $220K | +33.4% |
| Maine Township | $150K | $180K | +20.0% |
Housing Supply in Central City, IA
How many homes are available in Central City, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Central City real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central City 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central City, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Central City in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -3.7% |
Summary: Homes in Central City had an average of 17 days on market in Nov 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
2 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 Central City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Central City; 67% of homes were sold within 30 days, 33% 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.