$2,553 Closing Credit*
$215,000
960 SqFt
1 Bed
•1 Full Bath, 1 Partial
Steve Widmer, Listing Office: RE/MAX Precision
Is Montezuma, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Montezuma was a Buyer's Market.
Key Takeaway
Montezuma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montezuma, IA
How much do homes in Montezuma, IA cost?
Median Sold Price
$355,000
$237/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$233,000(-39.6%)
Key Takeaway
Homes in Montezuma have sold for 39.6% less than they did a month ago.
Summary: The median home sold price in Montezuma was $355,000 in October 2024, down 39.6% from last month, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $537K | $415K | -22.7% |
| 3 Bedrooms | $639K | $355K | -44.4% |
| 4 Bedrooms | - | $361.2K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Montezuma housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Montezuma, IA
How many homes are available in Montezuma, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Montezuma real estate market had 10 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montezuma 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 decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montezuma, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Montezuma in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Montezuma, IA
How long does it take to sell a home in Montezuma, IA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 26 Days | +795.2% |
Summary: Homes in Montezuma had an average of 26 days on market in Oct 2024, up by 795.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montezuma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Montezuma; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
