$4,155 Closing Credit*
$349,900
1,100 SqFt
3 Beds
•1 Full Bath, 1 Partial
Mike Slavin, Listing Office: RE/MAX Precision
Is Adel, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Adel has remained a Buyer's Market.
Key Takeaway
Adel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Adel, IA
How much do homes in Adel, IA cost?
Median Sold Price
$363,245
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,755(-2.6%)
Key Takeaway
Homes in Adel have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Adel was $363,245 in November 2024, down 2.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $301K | -16.4% |
| 2 Bedrooms | $171K | $192.5K | +12.6% |
| 3 Bedrooms | $329.4K | $315K | -4.4% |
| 4 Bedrooms | $376.9K | $376.4K | -0.1% |
| 5+ Bedrooms | $580K | $550K | -5.2% |
Summary: Adel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Van Meter Township | $313K | $357K | +14.1% |
| Adel Township | $354.9K | $353.1K | -0.5% |
| Adel | $373K | $363.2K | -2.6% |
Housing Supply in Adel, IA
How many homes are available in Adel, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 103 | -2.8% |
Summary: The Adel real estate market had 103 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 62 | 62 | 0.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Adel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Adel, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Adel in November 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Adel, IA
How long does it take to sell a home in Adel, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 118 Days | 77 Days | -34.8% |
Summary: Homes in Adel had an average of 77 days on market in Nov 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Adel are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 12 homes were sold in Adel; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
