50023 Housing Market Report January 2025•Polk County, Iowa

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Housing Prices in 50023, IA

How much do homes in 50023, IA cost?

Housing Market Conditions

Is 50023, IA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

50023 is a Buyer's Market

Difference Since January 2024

Since last year, 50023 has remained a Buyer's Market.

Insight

50023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$336,713$227/SqFt
-$2,034
-0.6%

Based on all homes sold in the last 12 months

Insight

Homes in 50023 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 50023 was $336,713 in January 2025, down 0.6% from last year, and the median price per square foot was $227.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
50313
+7.7%
50021
+2.6%
50023
-0.6%
50131
-1.6%
50226
-6.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1-$206K
N/A
2$201K$215K
+7.0%
3$304.2K$305K
0.3%
4$397.9K$394K
-1.0%
5$492K$520K
+5.7%

Summary: 50023 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +7.0%. The home price for 3 bedroom homes increased by 0.3%. The home price for 4 bedroom homes decreased by -1.0%. The home price for 5 bedroom homes increased by +5.7%.

Housing supply in 50023, IA

How many homes are available in 50023, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
309Last MonthJan 2025
3282 months agoDec 2024
-5.8 %
Change MoMDec – Jan

Summary: The 50023 real estate market had 309 homes for sale in Jan 2025, a 5.8 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
35Last MonthJan 2025
682 months agoDec 2024
-48.5 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
101
+100.0%
22627
+3.8%
3141131
-7.1%
4114109
-4.4%
54741
-12.8%

Summary: 50023 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +3.8%. The inventory for 3 bedroom homes decreased by -7.1%. The inventory for 4 bedroom homes decreased by -4.4%. The inventory for 5 bedroom homes decreased by -12.8%.

Asking Price vs. Sold Price

How much do homes in 50023, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price11 Homes

Under Asking Price20 Homes

Insight

If you're buying a home in 50023, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 50023 in January 2025, down by 48.5% month-over-month. Of the 35 sold homes, 57% were sold under asking, 31% were sold at asking, and and 11% were sold over asking.

Days on Market for 50023, IA

How long does it take to sell a home in 50023, IA?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days13 Homes

Over 90 Days8 Homes

Insight

Many homes in 50023 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 35 homes were sold in 50023; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
60 DaysThis YearJan 2025
70 Days1 year agoJan 2024
-15.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 50023 had an average listing age of 60 days in Jan 2025, down by 15.1% compared to the previous year.

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Newest Listings in 50023, IA

What homes are available in 50023, IA?

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MLS Disclaimers and Copyright

Based on information from Des Moines MLS, for the period 02/01/2023 - 02/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines 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 deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/23/2025, 12:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.