Is Sully, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sully is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sully was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sully, IA

How much do homes in Sully, IA cost?

Median Sold Price

$207,000

$154/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$51,225(+32.9%)

Key Takeaway

Homes in Sully have sold for 32.9% more than they did a month ago.

Summary: The median home sold price in Sully was $207,000 in October 2024, up 32.9% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$215K
N/A
3 $155.7K$173.5K
+11.4%
4 --
N/A
5+ --
N/A

Summary: Sully 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 did not change, 3 bedroom homes increased by 11.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sully
+32.9%
Lynn Grove Township
+32.9%

Housing Supply in Sully, IA

How many homes are available in Sully, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87-12.5%

Summary: The Sully real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 64
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The Sully 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sully, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sully in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sully, IA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
76 Days10 Days-86.0%

Summary: Homes in Sully had an average of 10 days on market in Oct 2024, down by 86% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Sully; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Sully, IA

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