$4,738 Closing Credit*
$399,000
2,163 SqFt
4 Beds
•1 Full Bath, 1 Partial
Rachel Tiskevics, Listing Office: EXP Realty, LLC
Is Pella, 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, Pella has remained a Seller's Market.
Key Takeaway
Pella is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pella, IA
How much do homes in Pella, IA cost?
Median Sold Price
$354,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.1%)
Key Takeaway
The sold price of homes in Pella has remained the same since last year.
Summary: The median home sold price in Pella was $354,500 in October 2024, down 0.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $235K | +52.5% |
| 2 Bedrooms | $330K | $237.5K | -28.0% |
| 3 Bedrooms | $293K | $329K | +12.3% |
| 4 Bedrooms | $374.7K | $375K | 0.1% |
| 5+ Bedrooms | $535K | $556K | +3.9% |
Summary: Pella housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes decreased by 28%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Pella | $355K | $354.5K | -0.1% |
| Lake Prairie Township | $352.7K | $350.8K | -0.5% |
Housing Supply in Pella, IA
How many homes are available in Pella, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 80 | +5.3% |
Summary: The Pella real estate market had 80 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 32 | 29 | -9.4% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Pella 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 9.1%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pella, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Pella in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.
Days on Market for Pella, IA
How long does it take to sell a home in Pella, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 40 Days | -8.5% |
Summary: Homes in Pella had an average of 40 days on market in Oct 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pella are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Pella; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.