$2,886 Closing Credit*
$243,000
1,454 SqFt
2 Beds
•1 Full Bath
Kelly Perkins, Listing Office: RE/MAX Concepts
Is Easter Lake Area, 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, Easter Lake Area was a Buyer's Market.
Key Takeaway
Easter Lake Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Easter Lake Area, IA
How much do homes in Easter Lake Area, IA cost?
Median Sold Price
$311,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,875(+8.3%)
Key Takeaway
Homes in Easter Lake Area have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Easter Lake Area was $311,000 in October 2024, up 8.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | - | N/A |
| 2 Bedrooms | $149.9K | $175K | +16.7% |
| 3 Bedrooms | $284.5K | $290K | +1.9% |
| 4 Bedrooms | $330K | $331.5K | 0.5% |
| 5+ Bedrooms | $388.7K | $342K | -12.0% |
Summary: Easter Lake Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 12%.
Housing Supply in Easter Lake Area, IA
How many homes are available in Easter Lake Area, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Easter Lake Area real estate market had 43 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 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Easter Lake Area housing inventory by bedroom type for October 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 4.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Easter Lake Area, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Easter Lake Area in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Easter Lake Area, IA
How long does it take to sell a home in Easter Lake Area, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 38 Days | +327.3% |
Summary: Homes in Easter Lake Area had an average of 38 days on market in Oct 2024, up by 327.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Easter Lake Area are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Easter Lake Area; 73% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
