$3,264 Closing Credit*
$274,900
1,149 SqFt
3 Beds
•1 Full Bath
Marc Olson, Listing Office: Re/max Concepts-Nevada
Is Ames, 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, Ames has remained a Seller's Market.
Key Takeaway
Ames is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ames, IA
How much do homes in Ames, IA cost?
Median Sold Price
$309,300
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,175(+2.7%)
Key Takeaway
Homes in Ames have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Ames was $309,300 in November 2024, up 2.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $128K | +40.3% |
| 2 Bedrooms | $192K | $200K | +4.2% |
| 3 Bedrooms | $275K | $285K | +3.6% |
| 4 Bedrooms | $358K | $368.2K | +2.9% |
| 5+ Bedrooms | $411.5K | $420K | +2.1% |
Summary: Ames housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $260K | $290K | +11.5% |
| Ames | $301.1K | $309.3K | +2.7% |
| Franklin Township | $320.9K | $320K | -0.3% |
Housing Supply in Ames, IA
How many homes are available in Ames, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 131 | -9.7% |
Summary: The Ames real estate market had 131 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 17 | 9 | -47.1% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 51 | 45 | -11.8% |
| 5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The Ames housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 47.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ames, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Ames in November 2024, down by 17.2% month-over-month. Of the 24 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 63 Days | +73.9% |
Summary: Homes in Ames had an average of 63 days on market in Nov 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 24 homes were sold in Ames; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
