Is Urbandale, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Urbandale is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Urbandale was a Seller's Market.

Key Takeaway

Urbandale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Urbandale, IA

How much do homes in Urbandale, IA cost?

Median Sold Price

$347,121

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,290(+8.5%)

Key Takeaway

Homes in Urbandale have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Urbandale was $347,121 in October 2024, up 8.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $177K$197.2K
+11.4%
3 $292.7K$300K
+2.5%
4 $389.9K$417.9K
+7.2%
5+ $595K$627.5K
+5.5%

Summary: Urbandale 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 11.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Urbandale
+8.5%
Webster Township
+7.7%
Grimes
+6.0%
Walnut Township
-3.8%
Clive
-7.7%

Housing Supply in Urbandale, IA

How many homes are available in Urbandale, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
420409-2.6%

Summary: The Urbandale real estate market had 409 homes for sale in October 2024, a 2.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4552
+15.6%
3 119114
-4.2%
4 159153
-3.8%
5+ 9790
-7.2%

Summary: The Urbandale 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 increased by 15.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 7.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7068-2.9%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Urbandale, you may be able to get a good deal. 45.6% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Urbandale in October 2024, down by 2.9% month-over-month. Of the 68 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.

Days on Market for Urbandale, IA

How long does it take to sell a home in Urbandale, IA?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days44 Days-2.4%

Summary: Homes in Urbandale had an average of 44 days on market in Oct 2024, down by 2.4% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Urbandale are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 68 homes were sold in Urbandale; 66% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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