Is Van Meter, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Van Meter is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Van Meter was a Buyer's Market.

Key Takeaway

Van Meter is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Van Meter, IA

How much do homes in Van Meter, IA cost?

Median Sold Price

$304,950

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,950(-3.2%)

Key Takeaway

Homes in Van Meter have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Van Meter was $304,950 in October 2024, down 3.2% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $263.2K$255K
-3.1%
3 $283.6K$297K
+4.7%
4 $390K$415.9K
+6.7%
5+ $815K$680K
-16.6%

Summary: Van Meter 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 decreased by 3.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 16.6%.

Median Sold Price Compared To Nearby Cities

Van Meter
+0.7%
Van Meter
-3.2%

Housing Supply in Van Meter, IA

How many homes are available in Van Meter, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2426+8.3%

Summary: The Van Meter real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 1212
0.0%
4 66
0.0%
5+ 66
0.0%

Summary: The Van Meter 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

4 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 Van Meter, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Van Meter in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Van Meter, IA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days71 Days+495.8%

Summary: Homes in Van Meter had an average of 71 days on market in Oct 2024, up by 495.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Van Meter; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Van Meter, IA

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