$1,662 Closing Credit*
$139,999
1,056 SqFt
4 Beds
•1 Full Bath
Laurie Whiting, Listing Office: COLDWELL BANKER HEDGES
Is Northwest Area, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northwest Area has remained a Seller's Market.
Key Takeaway
Northwest Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Area, IA
How much do homes in Northwest Area, IA cost?
Median Sold Price
$158,000
$127/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$6,000(-3.7%)
Key Takeaway
Homes in Northwest Area have sold for 3.7% less than they did a month ago.
Summary: The median home sold price in Northwest Area was $158,000 in November 2024, down 3.7% from last month, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | - | N/A |
| 2 Bedrooms | $163K | $158K | -3.1% |
| 3 Bedrooms | $202.5K | $133.5K | -34.1% |
| 4 Bedrooms | - | $210K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Northwest Area housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Northwest Area, IA
How many homes are available in Northwest Area, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Summary: The Northwest Area real estate market had 18 homes for sale in November 2024, a 28.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Northwest Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 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 Northwest Area, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Northwest Area in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Northwest Area, IA
How long does it take to sell a home in Northwest Area, IA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 37 Days | +149.3% |
Summary: Homes in Northwest Area had an average of 37 days on market in Nov 2024, up by 149.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Area are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Northwest Area; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.