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January 2018 Cedar Falls Market Report
Dated: February 15 2018
Cedar Falls Real Estate Market Report
Current market environment (February):
117 homes for sale
Highest priced listing: $874,900
Lowest priced listing: $79,999
Pending Sales (properties under contract): 70
The most listings per price range is in the $150,000- $200,000 range (20 current listings)
January 2018 market stats:
January closed sales: 24 (down from 55 in December)
Median sales price: $174,000
Highest sale price: $380,000
Lowest sale price: $73,840
Market analysis summary
The price ranges $200-250k and $350-500k+ reflect a buyer’s market. The price range $300-350k is balanced. All other price ranges reflect a seller’s market. The strongest price range in terms of number of sales in Cedar Falls is again the $150-$200k range (9 January sales).
A seller’s market indicates homes are moving quickly on the market, allowing competition to drive up average sale prices. A buyer’s market indicates slower sales, resulting in overall lower sale prices due to decreased demand.
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