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 20 Days Ago

Newest Listings in Van Meter, IA

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