$1,841 Closing Credit*
$155,000
1,387 SqFt
4 Beds
•2 Full Baths
Rainey Cook, Listing Office: Realty ONE Group Impact
Is Boone, 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, 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
$195,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+10.8%)
Key Takeaway
Homes in Boone have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Boone was $195,000 in November 2024, up 10.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $35K | -80.1% |
| 2 Bedrooms | $133.5K | $149.9K | +12.3% |
| 3 Bedrooms | $182.7K | $198.4K | +8.6% |
| 4 Bedrooms | $198K | $234.4K | +18.4% |
| 5+ Bedrooms | $398K | $349.5K | -12.2% |
Summary: Boone housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.1%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Boone | $176K | $195K | +10.8% |
| Des Moines Township | $199.9K | $212.8K | +6.4% |
Housing Supply in Boone, IA
How many homes are available in Boone, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 61 | -9.0% |
Summary: The Boone real estate market had 61 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Boone housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boone, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Boone in November 2024, down by 31.6% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +49.2% |
Summary: Homes in Boone had an average of 39 days on market in Nov 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Boone are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Boone; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
