$2,292 Closing Credit*
$193,000
1,587 SqFt
5 Beds
•1 Full Bath, 1 Partial
Wendy Votroubek, Listing Office: SKOGMAN REALTY
Is Springville, 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, Springville has remained a Seller's Market.
Key Takeaway
Springville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springville, IA
How much do homes in Springville, IA cost?
Median Sold Price
$235,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+4.0%)
Key Takeaway
Homes in Springville have sold for 4% more than they did a year ago.
Summary: The median home sold price in Springville was $235,000 in October 2024, up 4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.9K | $169K | +7.7% |
| 3 Bedrooms | $250.4K | $235K | -6.2% |
| 4 Bedrooms | $243.5K | $429.5K | +76.4% |
| 5+ Bedrooms | $949.9K | $310K | -67.4% |
Summary: Springville 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 7.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 76.4%, and 5+ bedroom homes decreased by 67.4%.
Median Sold Price Compared To Nearby Cities
| Springville | $226K | $235K | +4.0% |
| Brown Township | $224K | $222K | -0.9% |
Housing Supply in Springville, IA
How many homes are available in Springville, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Springville real estate market had 5 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 | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Springville 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 Springville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Springville in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Springville, IA
How long does it take to sell a home in Springville, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 4 Days | -74.5% |
Summary: Homes in Springville had an average of 4 days on market in Oct 2024, down by 74.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Springville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Springville; 100% of homes were sold within 30 days, 0% 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.