$3,384 Closing Credit*
$285,000
1,988 SqFt
4 Beds
•2 Full Baths
Kelly Glawe, Listing Office: Iowa Realty South
Is Indianola Hills, 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, Indianola Hills was a Neutral Market.
Key Takeaway
Indianola Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indianola Hills, IA
How much do homes in Indianola Hills, IA cost?
Median Sold Price
$188,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+7.4%)
Key Takeaway
Homes in Indianola Hills have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Indianola Hills was $188,000 in October 2024, up 7.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $37.5K | -55.9% |
| 2 Bedrooms | $140K | $157K | +12.1% |
| 3 Bedrooms | $180K | $203K | +12.8% |
| 4 Bedrooms | $196K | $225K | +14.8% |
| 5+ Bedrooms | $330K | $250K | -24.2% |
Summary: Indianola Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 24.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Gray's Lake | $213.9K | $275K | +28.6% |
| Indianola Hills | $175K | $188K | +7.4% |
| Pioneer Park | $219.9K | $225K | +2.3% |
| Downtown Des Moines | $278.5K | $274.5K | -1.4% |
Housing Supply in Indianola Hills, IA
How many homes are available in Indianola Hills, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Indianola Hills real estate market had 40 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Indianola Hills 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 increased by 23.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indianola Hills, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Indianola Hills in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Indianola Hills, IA
How long does it take to sell a home in Indianola Hills, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 81 Days | +203.2% |
Summary: Homes in Indianola Hills had an average of 81 days on market in Oct 2024, up by 203.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indianola Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Indianola Hills; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
