$65,000
0.14 Acres
Land
Julie Larson, Listing Office: LPT Realty, LLC
Is Cumming, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cumming was a Neutral Market.
Key Takeaway
Cumming is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cumming, IA
How much do homes in Cumming, IA cost?
Median Sold Price
$560,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.7%)
Key Takeaway
Homes in Cumming have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Cumming was $560,000 in October 2024, up 4.7% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $532.5K | - | N/A |
| 3 Bedrooms | $419K | $437K | +4.3% |
| 4 Bedrooms | $542.4K | $517.5K | -4.6% |
| 5+ Bedrooms | $642.5K | $623.7K | -2.9% |
Summary: Cumming housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Linn Township | $310K | $348.3K | +12.4% |
| Cumming | $535K | $560K | +4.7% |
| West Des Moines | $300K | $311.2K | +3.8% |
Housing Supply in Cumming, IA
How many homes are available in Cumming, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Cumming real estate market had 26 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Cumming housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cumming, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Cumming in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Cumming, IA
How long does it take to sell a home in Cumming, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 291 Days | 1 Day | -99.7% |
Summary: Homes in Cumming had an average of 1 days on market in Oct 2024, down by 99.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumming are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Cumming; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
