$1,841 Closing Credit*
$155,000
1,387 SqFt
4 Beds
•2 Full Baths
Rainey Cook, Listing Office: Realty ONE Group Impact
Is Boone County, 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 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
$213,250
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,250(+12.2%)
Key Takeaway
Homes in Boone County have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Boone County was $213,250 in November 2024, up 12.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $190K | +57.0% |
| 2 Bedrooms | $145K | $157K | +8.3% |
| 3 Bedrooms | $203.5K | $217K | +6.6% |
| 4 Bedrooms | $225K | $288.5K | +28.2% |
| 5+ Bedrooms | $398K | $372.5K | -6.4% |
Summary: Boone County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Counties
| Greene County | $115K | $164K | +42.6% |
| Boone County | $190K | $213.2K | +12.2% |
| Story County | $280K | $285.2K | +1.9% |
| Dallas County | $344K | $349.3K | +1.5% |
Housing Supply in Boone County, IA
How many homes are available in Boone County, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 89 | -8.2% |
Summary: The Boone County real estate market had 89 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Boone County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Boone County in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 37% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 50 Days | +106.7% |
Summary: Homes in Boone County had an average of 50 days on market in Nov 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 19 homes were sold in Boone County; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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.