$4,833 Closing Credit*
$406,990
2,096 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mark Southwood, Listing Office: New Home Sonar LLC
Is Eldridge, 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, 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
$327,270
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,770(+25.2%)
Key Takeaway
Homes in Eldridge have sold for 25.2% more than they did a year ago.
Summary: The median home sold price in Eldridge was $327,270 in November 2024, up 25.2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.3K | $202.7K | +21.9% |
| 3 Bedrooms | $251.5K | $330K | +31.2% |
| 4 Bedrooms | $335K | $407.5K | +21.6% |
| 5+ Bedrooms | $436.5K | $449K | +2.9% |
Summary: Eldridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 31.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Sheridan Township | $250K | $325K | +30.0% |
| Eldridge | $261.5K | $327.2K | +25.2% |
| Davenport | $176.4K | $185.1K | +4.9% |
Housing Supply in Eldridge, IA
How many homes are available in Eldridge, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Eldridge real estate market had 50 homes for sale in November 2024, a 4.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Eldridge 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 increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eldridge, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Eldridge in November 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 106 Days | +215.4% |
Summary: Homes in Eldridge had an average of 106 days on market in Nov 2024, up by 215.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eldridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Eldridge; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.