October 2017 Cedar Falls Market Analysis

Dated: 11/03/2017

Views: 433

Cedar Falls Real Estate Market Report 

November 2017


Current market environment:

168 homes for sale 

Highest priced listing: $1,547,600 

Lowest priced listing: $79,900

Pending Sales (properties under contract): 73

The most listings per price range is in the $150,000- $200,000 range, at 35 current listings. 

October 2017 market: 

October closed sales: 56

Median sales price: $188,950

Highest sale price: $389,900

Lowest sale price: $60,000

The strongest price range in terms of number of sales in Cedar Falls both in October and YTD is the $150,000- $200,000 range, leading just ahead of the the $100,000- $150,000 range.

Absorption rate summary 

What is absorption rate? It's an estimate of how long (in months) the current inventory of homes will turn over. A balanced market typically holds inventory for 5-7 months. So less than 5-7 would indicate a seller’s market (more demand leading to higher prices and quicker sales) and more than 5-7 would indicate a buyers market (less demand leading to lower prices and slower sales). 

The price range of $350,000- $400,000 resulted in 8 months absorption. There are currently 19 listed homes in this range with YTD sales only at 24 total. Homes in the $500,000+ range returned a 21.7 month absorption. All other price ranges returned a number less than 5 months, indicating an overall seller’s market in Cedar Falls. 


Written by: 

Jessica Schoof, Structure Real Estate 

Blog author image

Jessica Schoof

I offer streamlined real estate expertise to meet the buying and selling needs of my clients in Cedar Falls, Waterloo and surrounding areas. I take pride in exceeding my clients' expectations and deve....

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