Is Council Bluffs, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Council Bluffs is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Council Bluffs has remained a Seller's Market.

Key Takeaway

Council Bluffs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Council Bluffs, IA

How much do homes in Council Bluffs, IA cost?

Median Sold Price

$199,000

$140/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$111,000(-35.8%)

Key Takeaway

Homes in Council Bluffs have sold for 35.8% less than they did a month ago.

Summary: The median home sold price in Council Bluffs was $199,000 in November 2024, down 35.8% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $154K$199K
+29.2%
3 $320.7K$175.5K
-45.3%
4 $397.5K$295.5K
-25.7%
5+ $800K-
N/A

Summary: Council Bluffs housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.2%, 3 bedroom homes decreased by 45.3%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Carter Lake
-4.8%
Council Bluffs
-35.8%
Lewis Township
-58.7%

Housing Supply in Council Bluffs, IA

How many homes are available in Council Bluffs, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3836-5.3%

Summary: The Council Bluffs real estate market had 36 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1317
+30.8%
4 129
-25.0%
5+ 32
-33.3%

Summary: The Council Bluffs 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 decreased by 22.2%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Council Bluffs, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Council Bluffs in November 2024, up by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Council Bluffs, IA

How long does it take to sell a home in Council Bluffs, IA?

Average Sale Time

Oct 2024Nov 2024CHANGE
41 Days20 Days-51.2%

Summary: Homes in Council Bluffs had an average of 20 days on market in Nov 2024, down by 51.2% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Council Bluffs are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Council Bluffs; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Council Bluffs, IA

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