Is Muscatine County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Muscatine County has remained a Seller's Market.
Key Takeaway
Muscatine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muscatine County, IA
How much do homes in Muscatine County, IA cost?
Median Sold Price
$182,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Muscatine County have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Muscatine County was $182,500 in May 2024, down 7.6% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46K | $104K | +126.1% |
| 2 Bedrooms | $158K | $139.5K | -11.7% |
| 3 Bedrooms | $193.5K | $178K | -8.0% |
| 4 Bedrooms | $232.4K | $278.5K | +19.8% |
| 5+ Bedrooms | $326K | $462.5K | +41.9% |
Summary: Muscatine County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.1%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 41.9%.
Median Sold Price Compared To Nearby Counties
| Scott County | $209.5K | $230.4K | +10.0% |
| Johnson County | $299.9K | $325K | +8.3% |
| Muscatine County | $197.4K | $182.5K | -7.6% |
| Cedar County | $207K | $175K | -15.5% |
Housing Supply in Muscatine County, IA
How many homes are available in Muscatine County, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Muscatine County real estate market had 29 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Muscatine County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Muscatine County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Muscatine County in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Muscatine County, IA
How long does it take to sell a home in Muscatine County, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +8.3% |
Summary: Homes in Muscatine County had an average of 27 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muscatine County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Muscatine County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.