$1,591 Closing Credit*
$134,000
742 SqFt
2 Beds
•1 Full Bath
Michael Dunne, 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 August 2023
At the same time last year, Easter Lake Area was a Seller's Market.
Key Takeaway
Easter Lake Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Easter Lake Area, IA
How much do homes in Easter Lake Area, IA cost?
Median Sold Price
$310,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$28,000(+9.9%)
Key Takeaway
Homes in Easter Lake Area have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Easter Lake Area was $310,000 in August 2024, up 9.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $201K | - | N/A |
| 2 Bedrooms | $147.9K | $160.5K | +8.5% |
| 3 Bedrooms | $272K | $292.4K | +7.5% |
| 4 Bedrooms | $330K | $327.4K | -0.8% |
| 5+ Bedrooms | $372.5K | $346.5K | -7.0% |
Summary: Easter Lake Area housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Neighborhoods
| Easter Lake Area | $282K | $310K | +9.9% |
| River Woods | $275K | $285.8K | +4.0% |
Housing Supply in Easter Lake Area, IA
How many homes are available in Easter Lake Area, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The Easter Lake Area real estate market had 35 homes for sale in August 2024, a 7.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Easter Lake Area housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 4 | -71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Easter Lake Area, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Easter Lake Area in August 2024, down by 71.4% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 20 Days | 44 Days | +118.8% |
Summary: Homes in Easter Lake Area had an average of 44 days on market in Aug 2024, up by 118.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 August 2024, 4 homes were sold in Easter Lake Area; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
