Is Lucas County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lucas County was a Seller's Market.
Housing Prices in Lucas County, IA
How much do homes in Lucas County, IA cost?
Median Sold Price
$142,750
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lucas County was $142,750 in May 2024, down 9.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227K | N/A |
2 Bedrooms | $90K | $133.5K | +48.3% |
3 Bedrooms | $149.9K | $144.2K | -3.8% |
4 Bedrooms | $310K | $248K | -20.0% |
5+ Bedrooms | $260K | $32.5K | -87.5% |
Summary: Lucas County 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 48.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 87.5%.
Median Sold Price Compared To Nearby Counties
Marion County | $244.8K | $263.9K | +7.8% |
Lucas County | $158K | $142.7K | -9.7% |
Housing Supply in Lucas County, IA
How many homes are available in Lucas County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Lucas County real estate market had 24 homes for sale in May 2024, a 9.1% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lucas County 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lucas County in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lucas County, IA
How long does it take to sell a home in Lucas County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 15 Days | -17.5% |
Summary: Homes in Lucas County had an average of 15 days on market in May 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lucas County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.