$1,959 Closing Credit*
$165,000
1,020 SqFt
2 Beds
•2 Full Baths
Branden Gaskin, Listing Office: Ruhl&Ruhl REALTORS Bettendorf
Is Eldridge, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Eldridge has remained a Seller's Market.
Key Takeaway
Eldridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eldridge, IA
How much do homes in Eldridge, IA cost?
Median Sold Price
$326,135
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,135(+28.9%)
Key Takeaway
Homes in Eldridge have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in Eldridge was $326,135 in October 2024, up 28.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.9K | $197.2K | +24.9% |
| 3 Bedrooms | $251.5K | $334.2K | +32.9% |
| 4 Bedrooms | $333K | $397.5K | +19.4% |
| 5+ Bedrooms | $472.7K | $449K | -5.0% |
Summary: Eldridge 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 24.9%, 3 bedroom homes increased by 32.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Sheridan Township | $249K | $326.1K | +31.0% |
| Eldridge | $253K | $326.1K | +28.9% |
| Davenport | $175K | $185.5K | +6.0% |
Housing Supply in Eldridge, IA
How many homes are available in Eldridge, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Eldridge real estate market had 44 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Eldridge 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 increased by 9.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eldridge, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Eldridge in October 2024, up by 12.5% 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 Eldridge, IA
How long does it take to sell a home in Eldridge, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +38.1% |
Summary: Homes in Eldridge had an average of 27 days on market in Oct 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eldridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Eldridge; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.