$5,463 Closing Credit*
$460,000
1,637 SqFt
4 Beds
•1 Full Bath
Jill Veenstra, Listing Office: Home Realty
Is Prairie City, 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, Prairie City has remained a Seller's Market.
Key Takeaway
Prairie City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prairie City, IA
How much do homes in Prairie City, IA cost?
Median Sold Price
$247,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+4.4%)
Key Takeaway
Homes in Prairie City have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Prairie City was $247,500 in October 2024, up 4.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166K | $214.7K | +29.4% |
| 3 Bedrooms | $289.2K | $256K | -11.5% |
| 4 Bedrooms | $307.5K | $262K | -14.8% |
| 5+ Bedrooms | $531.5K | - | N/A |
Summary: Prairie City 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 29.4%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Des Moines Township | $200K | $214.7K | +7.4% |
| Prairie City | $237K | $247.5K | +4.4% |
Housing Supply in Prairie City, IA
How many homes are available in Prairie City, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Prairie City real estate market had 8 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Prairie City 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 Prairie City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Prairie City in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie City, IA
How long does it take to sell a home in Prairie City, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +143.5% |
Summary: Homes in Prairie City had an average of 28 days on market in Oct 2024, up by 143.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairie City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Prairie City; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
