$2,874 Closing Credit*
$242,000
1,696 SqFt
3 Beds
•1 Full Bath, 1 Partial
STEVEN CAMERONA, Listing Office: Iowa Realty Beaverdale
Is Southwestern Hills, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Southwestern Hills has remained a Seller's Market.
Key Takeaway
Southwestern Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwestern Hills, IA
How much do homes in Southwestern Hills, IA cost?
Median Sold Price
$323,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$1,000(+0.3%)
Key Takeaway
The sold price of homes in Southwestern Hills has remained the same since last year.
Summary: The median home sold price in Southwestern Hills was $323,500 in August 2024, up 0.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $176K | $216.2K | +22.9% |
| 3 Bedrooms | $305K | $299.9K | -1.7% |
| 4 Bedrooms | $375K | $369K | -1.6% |
| 5+ Bedrooms | $364.5K | $426K | +16.8% |
Summary: Southwestern Hills housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Gray's Lake | $215.4K | $238K | +10.5% |
| Watrous South | $201K | $211.5K | +5.2% |
| Southwestern Hills | $322.4K | $323.5K | 0.3% |
Housing Supply in Southwestern Hills, IA
How many homes are available in Southwestern Hills, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Southwestern Hills real estate market had 25 homes for sale in August 2024, a 13.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southwestern Hills housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 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 Southwestern Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Southwestern Hills in August 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Southwestern Hills, IA
How long does it take to sell a home in Southwestern Hills, IA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 24 Days | 51 Days | +110.3% |
Summary: Homes in Southwestern Hills had an average of 51 days on market in Aug 2024, up by 110.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwestern Hills are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 6 homes were sold in Southwestern Hills; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
