$2,909 Closing Credit*
$245,000
920 SqFt
4 Beds
•2 Full Baths
John Brummett, Listing Office: RE/MAX Precision
Is Watrous South, 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, Watrous South has remained a Seller's Market.
Key Takeaway
Watrous South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watrous South, IA
How much do homes in Watrous South, IA cost?
Median Sold Price
$199,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,450(-1.2%)
Key Takeaway
Homes in Watrous South have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Watrous South was $199,000 in November 2024, down 1.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $67.2K | -29.2% |
| 2 Bedrooms | $157.5K | $160K | +1.6% |
| 3 Bedrooms | $213.7K | $222.5K | +4.1% |
| 4 Bedrooms | $229.5K | $229.9K | 0.2% |
| 5+ Bedrooms | $249.9K | $277.3K | +11.0% |
Summary: Watrous South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Des Moines | $172K | $187.5K | +9.0% |
| Watrous South | $201.4K | $199K | -1.2% |
Housing Supply in Watrous South, IA
How many homes are available in Watrous South, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The Watrous South real estate market had 29 homes for sale in November 2024, a 19.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Watrous South housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watrous South, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Watrous South in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Watrous South, IA
How long does it take to sell a home in Watrous South, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 34 Days | -8.6% |
Summary: Homes in Watrous South had an average of 34 days on market in Nov 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Watrous South has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Watrous South; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
