Is Jones County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jones County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Jones County has remained a Seller's Market.

Key Takeaway

Jones County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jones County, IA

How much do homes in Jones County, IA cost?

Median Sold Price

$165,500

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,500(-10.5%)

Key Takeaway

Homes in Jones County have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in Jones County was $165,500 in October 2024, down 10.5% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $73.5K$130K
+76.9%
2 $158.2K$134.2K
-15.2%
3 $175K$158.2K
-9.6%
4 $247.5K$262.5K
+6.1%
5+ $370K$554.7K
+49.9%

Summary: Jones County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.9%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 49.9%.

Median Sold Price Compared To Nearby Counties

Linn County
+10.0%
Cedar County
+1.9%
Jones County
-10.5%

Housing Supply in Jones County, IA

How many homes are available in Jones County, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5250-3.8%

Summary: The Jones County real estate market had 50 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 86
-25.0%
3 2828
0.0%
4 87
-12.5%
5+ 88
0.0%

Summary: The Jones County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jones County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Jones County in October 2024, the same as the previous month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for Jones County, IA

How long does it take to sell a home in Jones County, IA?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days43 Days+14.6%

Summary: Homes in Jones County had an average of 43 days on market in Oct 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jones County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Jones County; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Jones County, IA

Nearby Markets to Jones County, IA

What housing markets are near Jones County, IA?