$499,000
3.00 Acres
Land
Norma Smith, Listing Office: SES Real Estate Group
Is Iowa Colony, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Iowa Colony was a Neutral Market.
Key Takeaway
Iowa Colony is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Iowa Colony, TX
How much do homes in Iowa Colony, TX cost?
Median Sold Price
$425,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.2%)
Key Takeaway
Homes in Iowa Colony have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Iowa Colony was $425,000 in November 2024, up 1.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.1K | $395K | +73.9% |
| 3 Bedrooms | $345K | $355K | +2.9% |
| 4 Bedrooms | $425K | $449.5K | +5.8% |
| 5+ Bedrooms | $613K | $582.5K | -5.0% |
Summary: Iowa Colony housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Rosharon | $324.9K | $356.6K | +9.8% |
| Alvin-Pearland | $360.4K | $369.4K | +2.5% |
| Alvin | $289.9K | $295K | +1.8% |
| Iowa Colony | $420K | $425K | +1.2% |
| Manvel | $475K | $452K | -4.8% |
Housing Supply in Iowa Colony, TX
How many homes are available in Iowa Colony, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Summary: The Iowa Colony real estate market had 46 homes for sale in November 2024, a 21.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Iowa Colony housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iowa Colony, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Iowa Colony in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Iowa Colony, TX
How long does it take to sell a home in Iowa Colony, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 50 Days | -31.4% |
Summary: Homes in Iowa Colony had an average of 50 days on market in Nov 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Iowa Colony are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Iowa Colony; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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