Is Indianola, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Indianola has remained a Seller's Market.
Housing Prices in Indianola, IA
How much do homes in Indianola, IA cost?
Median Sold Price
$279,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indianola was $279,000 in April 2024, up 8.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $142.5K | +50.0% |
2 Bedrooms | $189.9K | $185K | -2.6% |
3 Bedrooms | $250K | $260K | +4.0% |
4 Bedrooms | $298.5K | $329.9K | +10.5% |
5+ Bedrooms | $533.9K | $357.6K | -33.0% |
Summary: Indianola housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 33%.
Housing Supply in Indianola, IA
How many homes are available in Indianola, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 76 | -8.4% |
Summary: The Indianola real estate market had 76 homes for sale in April 2024, a 8.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 30 | 27 | -10.0% |
4 Bedrooms | 29 | 25 | -13.8% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Indianola housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Indianola in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Indianola, IA
How long does it take to sell a home in Indianola, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 72 Days | +112.6% |
Summary: Homes in Indianola had an average of 72 days on market in Apr 2024, up by 112.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Indianola; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.