$2,197 Closing Credit*
$185,000
2,199 SqFt
3 Beds
•1 Full Bath
Margaret Tiernan, Listing Office: Stuart Realty LLC
Is Menlo, 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, Menlo has remained a Seller's Market.
Key Takeaway
Menlo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Menlo, IA
How much do homes in Menlo, IA cost?
Median Sold Price
$215,500
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,000(-7.3%)
Key Takeaway
Homes in Menlo have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Menlo was $215,500 in November 2024, down 7.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $47K | - | N/A |
| 3 Bedrooms | $232.5K | $170K | -26.9% |
| 4 Bedrooms | $300K | $225.2K | -24.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Menlo 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 decreased by 26.9%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Beaver Township | $190K | $215.5K | +13.4% |
| Menlo | $232.5K | $215.5K | -7.3% |
Housing Supply in Menlo, IA
How many homes are available in Menlo, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Summary: The Menlo real estate market had 2 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Menlo 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Menlo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Menlo in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Menlo, IA
How long does it take to sell a home in Menlo, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 185 Days | +293.6% |
Summary: Homes in Menlo had an average of 185 days on market in Nov 2024, up by 293.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Menlo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Menlo; 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.
