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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodward is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Woodward has remained a Seller's Market.

Key Takeaway

Woodward is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woodward, IA

How much do homes in Woodward, IA cost?

Median Sold Price

$274,900

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,450(+18.3%)

Key Takeaway

Homes in Woodward have sold for 18.3% more than they did a year ago.

Summary: The median home sold price in Woodward was $274,900 in November 2024, up 18.3% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $107.8K$90K
-16.5%
2 $223.4K$155K
-30.6%
3 $240K$309.2K
+28.8%
4 $282.9K$292.9K
+3.5%
5+ $220K$716K
+225.5%

Summary: Woodward housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes decreased by 30.6%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 225.5%.

Median Sold Price Compared To Nearby Cities

Woodward
+18.3%
Woodward
+18.3%
Des Moines Township
+7.0%

Housing Supply in Woodward, IA

How many homes are available in Woodward, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Woodward real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 43
-25.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Woodward 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 decreased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodward, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Woodward in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Woodward, IA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days32 Days-50.6%

Summary: Homes in Woodward had an average of 32 days on market in Nov 2024, down by 50.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Woodward; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Woodward, IA

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