Is Scott County, 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, Scott County has remained a Seller's Market.
Housing Prices in Scott County, IA
How much do homes in Scott County, IA cost?
Median Sold Price
$230,470
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Scott County was $230,470 in May 2024, up 10% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $69K | +15.0% |
2 Bedrooms | $137.5K | $155K | +12.7% |
3 Bedrooms | $199.9K | $214.2K | +7.1% |
4 Bedrooms | $282.5K | $320K | +13.2% |
5+ Bedrooms | $459.9K | $475K | +3.3% |
Summary: Scott County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
Scott County | $209.5K | $230.4K | +10.0% |
Rock Island County | $136.5K | $147K | +7.7% |
Clinton County | $147.5K | $143K | -3.1% |
Muscatine County | $197.4K | $182.5K | -7.6% |
Cedar County | $207K | $175K | -15.5% |
Housing Supply in Scott County, IA
How many homes are available in Scott County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
607 | 649 | +6.9% |
Summary: The Scott County real estate market had 649 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 126 | 138 | +9.5% |
3 Bedrooms | 250 | 264 | +5.6% |
4 Bedrooms | 159 | 162 | +1.9% |
5+ Bedrooms | 63 | 79 | +25.4% |
Summary: The Scott County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 25.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 179 | +5.3% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
73 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in Scott County in May 2024, up by 5.3% month-over-month. Of the 179 sold homes, 39% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Scott County, IA
How long does it take to sell a home in Scott County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 20 Days | +13.0% |
Summary: Homes in Scott County had an average of 20 days on market in May 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 179 homes were sold in Scott County; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.