$5,818 Closing Credit*
$489,900
3,571 SqFt
3 Beds
•2 Full Baths, 1 Partial
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 October 2023
At the same time last year, West Branch was a Buyer's Market.
Key Takeaway
West Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Branch, IA
How much do homes in West Branch, IA cost?
Median Sold Price
$337,400
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+7.1%)
Key Takeaway
Homes in West Branch have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in West Branch was $337,400 in October 2024, up 7.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $160K | N/A |
| 3 Bedrooms | $267.4K | $240K | -10.3% |
| 4 Bedrooms | $329K | $339.9K | +3.3% |
| 5+ Bedrooms | $572.7K | $455.4K | -20.5% |
Summary: West Branch 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 did not change, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 20.5%.
Housing Supply in West Branch, IA
How many homes are available in West Branch, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The West Branch real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to 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 | 2 | 3 | +50.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Branch 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 50%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West Branch in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 42 Days | +322.5% |
Summary: Homes in West Branch had an average of 42 days on market in Oct 2024, up by 322.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Branch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Branch; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.