$2,761 Closing Credit*
$232,500
1,474 SqFt
3 Beds
•1 Full Bath
Burkamper, Jen, Listing Office: RE/MAX REC
Is Boone, 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, Boone has remained a Seller's Market.
Key Takeaway
Boone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone, IA
How much do homes in Boone, IA cost?
Median Sold Price
$191,200
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,200(+8.6%)
Key Takeaway
Homes in Boone have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Boone was $191,200 in October 2024, up 8.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $35K | -80.1% |
| 2 Bedrooms | $128.5K | $149.9K | +16.7% |
| 3 Bedrooms | $182.2K | $196K | +7.5% |
| 4 Bedrooms | $198K | $228K | +15.2% |
| 5+ Bedrooms | $398K | $337.2K | -15.3% |
Summary: Boone housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Boone | $176K | $191.2K | +8.6% |
| Des Moines Township | $199.5K | $211.8K | +6.2% |
Housing Supply in Boone, IA
How many homes are available in Boone, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Summary: The Boone real estate market had 67 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Boone housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Boone in October 2024, down by 19.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for Boone, IA
How long does it take to sell a home in Boone, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 51 Days | +194.1% |
Summary: Homes in Boone had an average of 51 days on market in Oct 2024, up by 194.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Boone; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
