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November 2017 Cedar Falls Market Analysis
Dated: December 4 2017
Cedar Falls Real Estate Market Report
Current market environment (December):
116 homes for sale (down from 168 last month)
Highest priced listing: $749,900
Lowest priced listing: $89,900
Pending Sales (properties under contract): 49
The most listings per price range is in the $150,000- $200,000 range, at 30 current listings.
November 2017 market stats:
November closed sales: 49 (56 last month)
Median sales price: $172,500
Highest sale price: $757,571
Lowest sale price: $70,900
Market analysis summary
The price ranges $350,000- $400,000 and $500,000+ resulted in a balanced market with all other price ranges resulting in an overall seller’s market. This indicates homes are moving quickly on the market, allowing competition to drive up average sale prices.
The strongest price range in terms of number of sales in Cedar Falls both in November and YTD is again the $150,000- $200,000 range (16 November sales). On average 1 home is selling every 2.5 days in this price range. Comparatively on the high end, 1 home is selling every 37 days in the $500,000+ price range.
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