Is Tama County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tama County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Tama County was a Neutral Market.

Key Takeaway

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

Housing Prices in Tama County, IA

How much do homes in Tama County, IA cost?

Median Sold Price

$284,500

$237/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$140,250(+97.2%)

Key Takeaway

Homes in Tama County have sold for 97.2% more than they did a month ago.

Summary: The median home sold price in Tama County was $284,500 in September 2024, up 97.2% from last month, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $75K$339K
+352.0%
3 $213.5K$230K
+7.7%
4 --
N/A
5+ --
N/A

Summary: Tama County housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 352%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Tama County
+97.2%
Poweshiek County
-25.8%

Housing Supply in Tama County, IA

How many homes are available in Tama County, IA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
119-18.2%

Summary: The Tama County real estate market had 9 homes for sale in September 2024, a 18.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 65
-16.7%
4 01
+100.0%
5+ 10
-100.0%

Summary: The Tama County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tama County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Tama County in September 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Tama County, IA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
11 Days7 Days-36.4%

Summary: Homes in Tama County had an average of 7 days on market in Sep 2024, down by 36.4% compared to last month.

Breakdown of Home Sale Times

2 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 Tama County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Tama County; 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 Tama County, IA

Nearby Markets to Tama County, IA

What housing markets are near Tama County, IA?