Is Van Meter, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Van Meter was a Seller'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
$278,931
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Van Meter have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in Van Meter was $278,931 in May 2024, down 14.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $263.2K | $255K | -3.1% |
| 3 Bedrooms | $240K | $278.2K | +15.9% |
| 4 Bedrooms | $436.7K | $240K | -45.1% |
| 5+ Bedrooms | $610K | $747.5K | +22.5% |
Summary: Van Meter housing prices by bedroom type for May 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 15.9%, 4 bedroom homes decreased by 45.1%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in Van Meter, IA
How many homes are available in Van Meter, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Van Meter real estate market had 26 homes for sale in May 2024, a 3.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Van Meter housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Van Meter in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 150 Days | 253 Days | +69.0% |
Summary: Homes in Van Meter had an average of 253 days on market in May 2024, up by 69% 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
Key Takeaway
Many homes in Van Meter are selling fast, if you're buying plan to act quickly.
Summary: During May 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.
