52246 Housing Market Report December 2024•Johnson County, Iowa

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Housing Prices in 52246, IA

How much do homes in 52246, IA cost?

Housing Market Conditions

Is 52246, 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

52246 is a Seller's Market

Difference Since December 2023

Since last year, 52246 has remained a Seller's Market.

Insight

52246 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.
$340,000$169/SqFt
-$10,000
-2.9%

Based on all homes sold in the last 12 months

Insight

Homes in 52246 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 52246 was $340,000 in December 2024, down 2.9% from last year, and the median price per square foot was $169.

Median Sold Price By City

Median Sold Price By City
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
52241
+10.4%
52245
+6.5%
52246
-2.9%

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.
BedsDec 2023Dec 2024Change YoY
2$176K$196K
+11.4%
5$505K$500.2K
-1.0%
1$155K$172K
+11.0%
3$272K$305.5K
+12.3%
4$359.9K$405K
+12.5%

Summary: 52246 housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes increased by +11.4%. The home price for 5 bedroom homes decreased by -1.0%. The home price for 1 bedroom homes increased by +11.0%. The home price for 3 bedroom homes increased by +12.3%. The home price for 4 bedroom homes increased by +12.5%.

Housing supply in 52246, IA

How many homes are available in 52246, 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
33Last MonthDec 2024
392 months agoNov 2024
-15.4 %
Change MoMNov – Dec

Summary: The 52246 real estate market had 33 homes for sale in Dec 2024, a 15.4 % decrease compared to Nov 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
8Last MonthDec 2024
62 months agoNov 2024
+33.3 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
2118
-27.3%
589
+12.5%
111
0.0%
31210
-16.7%
475
-28.6%

Summary: 52246 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes decreased by -27.3%. The inventory for 5 bedroom homes increased by +12.5%. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes decreased by -28.6%.

Asking Price vs. Sold Price

How much do homes in 52246, 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 Price2 Homes

At Asking Price4 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in 52246, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 52246 in December 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for 52246, IA

How long does it take to sell a home in 52246, IA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days5 Homes

Insight

Most homes in 52246 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 8 homes were sold in 52246; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% 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
142 DaysThis YearDec 2024
69 Days1 year agoDec 2023
+105.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 52246 had an average listing age of 142 days in Dec 2024, up by 105.2% compared to the previous year.

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Newest Listings in 52246, IA

What homes are available in 52246, IA?

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MLS Disclaimers and Copyright

Based on information from Cedar Rapids MLS, for the period 01/01/2023 - 01/01/2025

IDXProvided Courtesy Of Cedar Rapids 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 Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids 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: 1/30/2025, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.