$7,145 Closing Credit*
$601,705
1,751 SqFt
4 Beds
•2 Full Baths
Kristina Leek, Listing Office: RE/MAX Precision
Is Cumming, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$546,856
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,856(+2.2%)
Key Takeaway
Homes in Cumming have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Cumming was $546,856 in November 2024, up 2.2% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $512.9K | - | N/A |
| 3 Bedrooms | $407.5K | $437K | +7.2% |
| 4 Bedrooms | $534.2K | $505K | -5.5% |
| 5+ Bedrooms | $629.5K | $613.9K | -2.5% |
Summary: Cumming housing prices by bedroom type for November 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 7.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Linn Township | $321.3K | $345K | +7.4% |
| West Des Moines | $304.7K | $315.7K | +3.6% |
| Cumming | $535K | $546.8K | +2.2% |
Housing Supply in Cumming, IA
How many homes are available in Cumming, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Cumming real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Cumming housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumming, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cumming in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 123 Days | 157 Days | +27.5% |
Summary: Homes in Cumming had an average of 157 days on market in Nov 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cumming are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Cumming; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
