Is Boone 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, Boone County has remained a Seller's Market.
Key Takeaway
Boone County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone County, IA
How much do homes in Boone County, IA cost?
Median Sold Price
$195,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boone County have sold for 3% more than they did a year ago.
Summary: The median home sold price in Boone County was $195,000 in May 2024, up 3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $80.5K | -5.3% |
| 2 Bedrooms | $137.7K | $149.9K | +8.8% |
| 3 Bedrooms | $199K | $203.5K | +2.3% |
| 4 Bedrooms | $250K | $244.9K | -2.0% |
| 5+ Bedrooms | $340K | $352.5K | +3.7% |
Summary: Boone County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Greene County | $85.4K | $135.5K | +58.5% |
| Story County | $269.1K | $285K | +5.9% |
| Dallas County | $337.7K | $349.9K | +3.6% |
| Boone County | $189.2K | $195K | +3.0% |
Housing Supply in Boone County, IA
How many homes are available in Boone County, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 | 91 | -15.7% |
Summary: The Boone County real estate market had 91 homes for sale in May 2024, a 15.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 28 | 22 | -21.4% |
| 3 Bedrooms | 47 | 36 | -23.4% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Boone 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 decreased by 21.4%, 3 bedroom homes decreased by 23.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 18 | -41.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Boone County in May 2024, down by 41.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for Boone County, IA
How long does it take to sell a home in Boone County, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 43 Days | +37.7% |
Summary: Homes in Boone County had an average of 43 days on market in May 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Boone County; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
