$2,018 Closing Credit*
$169,900
1,252 SqFt
2 Beds
•1 Full Bath
Hayes, Benjamin, Listing Office: Sunset Realty
Is Panora, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Panora has remained a Seller's Market.
Key Takeaway
Panora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Panora, IA
How much do homes in Panora, IA cost?
Median Sold Price
$571,500
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$116,500(+25.6%)
Key Takeaway
Homes in Panora have sold for 25.6% more than they did a year ago.
Summary: The median home sold price in Panora was $571,500 in October 2024, up 25.6% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.5K | $386.6K | +66.3% |
| 3 Bedrooms | $422K | $549.4K | +30.2% |
| 4 Bedrooms | $617.9K | $620K | 0.3% |
| 5+ Bedrooms | $1.1M | $950K | -17.7% |
Summary: Panora housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.3%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in Panora, IA
How many homes are available in Panora, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Panora real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Panora housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Panora, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Panora in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Panora, IA
How long does it take to sell a home in Panora, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 44 Days | +499.1% |
Summary: Homes in Panora had an average of 44 days on market in Oct 2024, up by 499.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Panora are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Panora; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
