$8,016 Closing Credit*
$675,000
2,643 SqFt
4 Beds
•1 Full Bath
Amy Forte, Listing Office: LPT Realty, LLC
Is Adel, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$357,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,495(-4.4%)
Key Takeaway
Homes in Adel have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Adel was $357,500 in October 2024, down 4.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $301K | -16.4% |
| 2 Bedrooms | $171K | $192.5K | +12.6% |
| 3 Bedrooms | $328.9K | $314K | -4.6% |
| 4 Bedrooms | $376.9K | $365K | -3.2% |
| 5+ Bedrooms | $555K | $550K | -0.9% |
Summary: Adel housing prices by bedroom type for October 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 4.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Van Meter Township | $314.9K | $341.9K | +8.6% |
| Adel Township | $355K | $347.7K | -2.0% |
| Adel | $373.9K | $357.5K | -4.4% |
Housing Supply in Adel, IA
How many homes are available in Adel, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 105 | +7.1% |
Summary: The Adel real estate market had 105 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 55 | 60 | +9.1% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Adel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adel, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Adel in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 99 Days | +108.2% |
Summary: Homes in Adel had an average of 99 days on market in Oct 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 9 homes were sold in Adel; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
