$579,000
Land
•2 Full Baths
Chris Betts, Listing Office: RE/MAX Real Estate Center
Is Ames, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ames was a Seller's Market.
Key Takeaway
Ames is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ames, IA
How much do homes in Ames, IA cost?
Median Sold Price
$310,633
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,833(+3.6%)
Key Takeaway
Homes in Ames have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Ames was $310,633 in October 2024, up 3.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $128K | +40.3% |
| 2 Bedrooms | $193.5K | $200K | +3.4% |
| 3 Bedrooms | $275K | $284K | +3.3% |
| 4 Bedrooms | $355K | $368.2K | +3.7% |
| 5+ Bedrooms | $395K | $415K | +5.1% |
Summary: Ames housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $258.9K | $295.3K | +14.1% |
| Ames | $299.8K | $310.6K | +3.6% |
| Franklin Township | $319.9K | $315K | -1.5% |
Housing Supply in Ames, IA
How many homes are available in Ames, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 139 | 0.0% |
Summary: The Ames real estate market had 139 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 57 | 52 | -8.8% |
| 5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Ames housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 54.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ames, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Ames in October 2024, down by 11.5% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% were sold over asking.
Days on Market for Ames, IA
How long does it take to sell a home in Ames, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 39 Days | +56.0% |
Summary: Homes in Ames had an average of 39 days on market in Oct 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ames are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Ames; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
