51501 Housing Market Report March 2025•Pottawattamie County, Iowa

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Housing Prices in 51501, IA

How much do homes in 51501, IA cost?

Housing Market Conditions

Is 51501, 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

51501 is a Seller's Market

Difference Since February 2025

Last month, 51501 has remained a Seller's Market.

Insight

51501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$200,500$143/SqFt
+$7,750
+4.0%

Based on all homes sold in March 2025

Insight

Homes in 51501 have sold for 4% more than they did a month ago.

Summary: The median home sold price in 51501 was $200,500 in March 2025, up 4% from last month, and the median price per square foot was $143.

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 MoM
68102
+69.2%
68107
+9.5%
51501
+4.0%
51503
-47.9%

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.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$165.5K$145K
-12.4%
3-$240K
N/A
4$220K$222.7K
+1.3%
5-$150K
N/A

Summary: 51501 housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -12.4%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes did not change.

How does 51501, IA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

51501, IA

Housing supply in 51501, IA

How many homes are available in 51501, 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
13Last MonthMar 2025
132 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

Summary: The 51501 real estate market had 13 homes for sale in Mar 2025, the same as Feb 2025

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
6Last MonthMar 2025
42 months agoFeb 2025
+50.0 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
224
+100.0%
343
-25.0%
464
-33.3%
512
+100.0%

Summary: 51501 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in 51501, 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 Price1 Home

At Asking Price2 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in 51501, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 51501 in March 2025, up by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and and 20% were sold over asking.

Days on Market for 51501, IA

How long does it take to sell a home in 51501, IA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Many homes in 51501 are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 6 homes were sold in 51501; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.
Last Month1 month agoChange MoM
23 DaysLast MonthMar 2025
19 Days1 month agoFeb 2025
+25.4 %
Change MoMFeb – Mar

Summary: Homes in 51501 had an average listing age of 23 days in Mar 2025, up by 25.4% compared to the previous month.

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Newest Listings in 51501, IA

What homes are available in 51501, IA?

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MLS Disclaimers and Copyright

Based on information from Great Plains Regional MLS, for the period 02/01/2025 - 04/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. 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: 4/18/2025, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.