Is 50021, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 50021 has remained a Seller's Market.
Key Takeaway
50021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 50021, IA
How much do homes in 50021, IA cost?
Median Sold Price
$313,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 50021 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 50021 was $313,500 in May 2024, up 8.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $191.5K | N/A |
| 2 Bedrooms | $188.2K | $195K | +3.6% |
| 3 Bedrooms | $289.9K | $292K | +0.7% |
| 4 Bedrooms | $374.9K | $365K | -2.6% |
| 5+ Bedrooms | $540K | $529K | -2.0% |
Summary: 50021 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 50021, IA
How many homes are available in 50021, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 237 | 225 | -5.1% |
Summary: The 50021 real estate market had 225 homes for sale in May 2024, a 5.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 43 | 38 | -11.6% |
| 3 Bedrooms | 102 | 98 | -3.9% |
| 4 Bedrooms | 61 | 60 | -1.6% |
| 5+ Bedrooms | 30 | 28 | -6.7% |
Summary: The 50021 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 59 | +20.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 50021, expect to pay close to the asking price. 49.2% of homes here sold near the asking price last month.
Summary: A total of 59 homes were sold or pending in 50021 in May 2024, up by 20.4% month-over-month. Of the 59 sold homes, 32% were sold under asking, 49% were sold at asking, and 19% were sold over asking.
Days on Market for 50021, IA
How long does it take to sell a home in 50021, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 95 Days | +60.5% |
Summary: Homes in 50021 had an average of 95 days on market in May 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 50021 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 59 homes were sold in 50021; 42% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
