Is Boone, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $176K$35K
-80.1%
2 $128.5K$149.9K
+16.7%
3 $182.2K$196K
+7.5%
4 $198K$228K
+15.2%
5+ $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
+8.6%
Des Moines Township
+6.2%

Housing Supply in Boone, IA

How many homes are available in Boone, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7167-5.6%

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

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1213
+8.3%
3 3328
-15.2%
4 1615
-6.3%
5+ 1010
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 2024Oct 2024CHANGE
2117-19.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
17 Days51 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Boone, IA

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