$5,332 Closing Credit*
$449,000
1,394 SqFt
4 Beds
•1 Full Bath
Tiffan Yamen, Listing Office: Keller Williams Realty GDM
Is Southwestern Hills, 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, 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
$345,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,100(+11.3%)
Key Takeaway
Homes in Southwestern Hills have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Southwestern Hills was $345,000 in November 2024, up 11.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.7K | $154K | -6.5% |
| 3 Bedrooms | $305K | $311.5K | +2.1% |
| 4 Bedrooms | $363.7K | $350K | -3.8% |
| 5+ Bedrooms | $379.7K | $443.5K | +16.8% |
Summary: Southwestern Hills 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 decreased by 6.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Southwestern Hills | $309.9K | $345K | +11.3% |
| Watrous South | $201.4K | $199K | -1.2% |
Housing Supply in Southwestern Hills, IA
How many homes are available in Southwestern Hills, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Summary: The Southwestern Hills real estate market had 28 homes for sale in November 2024, a 20.0% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The Southwestern Hills 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 decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwestern Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Southwestern Hills in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 44 Days | +123.1% |
Summary: Homes in Southwestern Hills had an average of 44 days on market in Nov 2024, up by 123.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southwestern Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Southwestern Hills; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
