$3,799 Closing Credit*
$319,900
2,165 SqFt
4 Beds
•3 Full Baths
Karla Davis, Listing Office: GATEWAY ACCESS REALTY
Is West Branch, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Branch was a Seller's Market.
Key Takeaway
West Branch 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 West Branch, IA
How much do homes in West Branch, IA cost?
Median Sold Price
$339,900
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+7.9%)
Key Takeaway
Homes in West Branch have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in West Branch was $339,900 in November 2024, up 7.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $160K | N/A |
| 3 Bedrooms | $240K | $233K | -2.9% |
| 4 Bedrooms | $321.9K | $339.9K | +5.6% |
| 5+ Bedrooms | $572.7K | $455.4K | -20.5% |
Summary: West Branch 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 did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
| West Branch | $314.9K | $339.9K | +7.9% |
| Springdale Township | $314.9K | $339.9K | +7.9% |
Housing Supply in West Branch, IA
How many homes are available in West Branch, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The West Branch real estate market had 14 homes for sale in November 2024, a 22.2% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The West Branch 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Branch in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for West Branch, IA
How long does it take to sell a home in West Branch, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 22 Days | -64.8% |
Summary: Homes in West Branch had an average of 22 days on market in Nov 2024, down by 64.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Branch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in West Branch; 50% of homes were sold within 30 days, 50% 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.