$3,443 Closing Credit*
$289,900
1,521 SqFt
4 Beds
•2 Full Baths
Graeve, Emily, Listing Office: RE/MAX Generations
Is Boone County, 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 County has remained a Seller's Market.
Key Takeaway
Boone County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone County, IA
How much do homes in Boone County, IA cost?
Median Sold Price
$206,416
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,583(+9.9%)
Key Takeaway
Homes in Boone County have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Boone County was $206,416 in October 2024, up 9.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $142.5K | +17.8% |
| 2 Bedrooms | $141.9K | $149.9K | +5.7% |
| 3 Bedrooms | $194.5K | $210.5K | +8.2% |
| 4 Bedrooms | $239.5K | $280K | +16.9% |
| 5+ Bedrooms | $364K | $370K | +1.6% |
Summary: Boone County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Boone County | $187.8K | $206.4K | +9.9% |
| Story County | $275.1K | $284.7K | +3.5% |
| Dallas County | $341.1K | $349.1K | +2.3% |
Housing Supply in Boone County, IA
How many homes are available in Boone County, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 94 | -6.0% |
Summary: The Boone County real estate market had 94 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 41 | 37 | -9.8% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Boone County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Boone County in October 2024, down by 25.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for Boone County, IA
How long does it take to sell a home in Boone County, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 49 Days | +102.8% |
Summary: Homes in Boone County had an average of 49 days on market in Oct 2024, up by 102.8% compared to last year.
Breakdown of Home Sale Times
10 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 Boone County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Boone County; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.