$2,316 Closing Credit*
$195,000
1,248 SqFt
3 Beds
•1 Full Bath
Lisa Vance, Listing Office: LPT Realty, LLC
Is Watrous South, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Watrous South was a Seller's Market.
Key Takeaway
Watrous South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Watrous South, IA
How much do homes in Watrous South, IA cost?
Median Sold Price
$211,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$10,500(+5.2%)
Key Takeaway
Homes in Watrous South have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Watrous South was $211,500 in August 2024, up 5.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $64.9K | -31.6% |
| 2 Bedrooms | $150K | $165K | +10.0% |
| 3 Bedrooms | $211.8K | $225K | +6.2% |
| 4 Bedrooms | $229K | $240K | +4.8% |
| 5+ Bedrooms | $237.4K | - | N/A |
Summary: Watrous South housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Gray's Lake | $215.4K | $238K | +10.5% |
| Fort Des Moines | $163.5K | $179.9K | +10.0% |
| Watrous South | $201K | $211.5K | +5.2% |
Housing Supply in Watrous South, IA
How many homes are available in Watrous South, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Watrous South real estate market had 27 homes for sale in August 2024, a 3.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Watrous South 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 increased by 75%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watrous South, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Watrous South in August 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 6 Days | -52.4% |
Summary: Homes in Watrous South had an average of 6 days on market in Aug 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watrous South are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Watrous South; 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.
