• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Cropped Cardinalrealtylogo 2.jpeg

Cardinal Realty ~ Iowa City Area Real Estate Services

Sound Advice and Guidance for Iowa City Area Buyers & Sellers

  • Home
  • Search Homes
    • New Listings
    • Open Houses
    • Featured Listings
  • Sellers
    • The Importance of a Market Analysis
    • First Steps to Selling a Home
  • Buyers
    • 7 Steps to Buying a Home
  • Neighborhoods
    • Coralville Neighborhoods
  • Area Information
  • Denise’s Blog
  • Contact
    • About
    • Testimonials

Market Trends in North Liberty IA – Homes Sold January – October 2013

After looking at Market Trends in Iowa City and Coralville, today I’m taking a look at how the real estate market in North Liberty is trending for the year. The chart below shows home sales in North Liberty January through October 2013 compared to home sales in the same time frame in 2012. 531 homes sold in North Liberty January through October 2013 compared to 501 in the same time period last year. That’s an increase of 6%. Not quite as good as Iowa City and Coralville, but I wouldn’t be surprised if that had to do with the VERY low inventory in North Liberty. I worked with several buyers this year who had a hard time finding a house to buy in North Liberty.

There’s an increase of 7% in the average price of a home in North Liberty and a 5% increase in the median price of a home compared to last year. The big winners for the year are condos in North Liberty. Condo sales in North Liberty are up by 26%. Most likely this has to do with the very popular, affordable new construction condos available in North Liberty.

Market trends in North Liberty - Homes Sold + Median Price

 

Home sales in North Liberty from January – October 2013

  • Number of homes sold so far this year is up 6% compared to 2012
  • Single family home sales are up by less than 1% – 218 single family homes in January – October 2013 compared to 215 homes sold in 2012
  • Condo Sales are up by 26% – 189 condos sold January – October in 2013 compared to 150 condos sold in 2012
  • Zero Lot Sales are down by 11%, – 113 zero lots sold in North Liberty January – October 2013 compared to 130 in 2012
  • The average price of a single family home is up by 14% for the year / Median price it’s up by 9%.
  • The average price of a condo is up by 4% for the year / The median price is down by 1%
  • The average price of a zero lot is up by 4% for the year / The median price is up by 7%

Summing up the data, the trend in the North Liberty IA real estate market is looking strong on all fronts. We can ignore the drop in zero lot sales compared to last year for now. An unusually high number of zero lots sold in North Liberty last year so that’s not a fair comparison. (If you click through the link you’ll see that zero lot sales were up by 45% last year). This is the kind of market that is good for both buyers and sellers. Buyers are still looking for quality homes at reasonable price. This gives sellers an excellent opportunity to get their home seen and sold!

Do you have a house to sell in North Liberty? Hiring a Realtor who’s on top of the market is your first step to a successful real estate transaction!

Contact Denise

Data provided by the Iowa City MLS November 11, 2012

Filed Under: North Liberty IA Real Estate Market Reports Tagged With: homes sold north liberty ia, housing trends north liberty ia, north liberty ia real estate market

About Denise Hamlin

I'm a Realtor and Broker Owner at Cardinal Realty in Coralville Iowa. Forward thinking and tech-savvy, my mission is always to find the best ways to ensure clients enjoy a smooth and stress-free buying or selling experience. Primary areas we cover are Iowa City, Coralville and North Liberty IA.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Footer

Denise Hamlin, REALTOR® / Broker
319-400-0268
Cardinal Realty, Coralville IA 

Licensed Real Estate Broker in Iowa

Site Map

Privacy Policy

Cardinal Realty believes in the principal of fair housing.
  • Home
  • Property Search
  • Search Open Houses
  • Contact

Copyright © 2021 Denise Hamlin | Cardinal Realty Coralville IA 52241 | Cardinal Realty - Iowa City Area Real Estate Services

Information on the site is considered reliable, but not guaranteed. For legal and accounting advice please consult with a professional.