Is Westdale, 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, Westdale has remained a Seller's Market.
Housing Prices in Westdale, IA
How much do homes in Westdale, IA cost?
Median Sold Price
$199,216
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westdale was $199,216 in May 2024, up 4.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $139K | $147.5K | +6.1% |
3 Bedrooms | $191.5K | $194K | +1.3% |
4 Bedrooms | $208.2K | $250K | +20.0% |
5+ Bedrooms | $332K | $270K | -18.7% |
Summary: Westdale 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 6.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Neighborhoods
Cleveland Area | $142K | $149.9K | +5.6% |
Westdale | $190K | $199.2K | +4.9% |
Cedar Hills | $180K | $186K | +3.3% |
Housing Supply in Westdale, IA
How many homes are available in Westdale, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 89 | +1.1% |
Summary: The Westdale real estate market had 89 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 51 | 57 | +11.8% |
4 Bedrooms | 22 | 16 | -27.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Westdale 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 8.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 40 | +185.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Westdale in May 2024, up by 185.7% month-over-month. Of the 40 sold homes, 38% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for Westdale, IA
How long does it take to sell a home in Westdale, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | -1.1% |
Summary: Homes in Westdale had an average of 16 days on market in May 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Westdale; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.