Is Indianola, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Indianola has remained a Seller's Market.
Key Takeaway
Indianola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indianola, IA
How much do homes in Indianola, IA cost?
Median Sold Price
$275,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indianola have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Indianola was $275,000 in May 2024, up 4.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $142.5K | +35.7% |
| 2 Bedrooms | $191.7K | $183.5K | -4.3% |
| 3 Bedrooms | $250K | $253.5K | +1.4% |
| 4 Bedrooms | $315.9K | $329.9K | +4.4% |
| 5+ Bedrooms | $477K | $355K | -25.6% |
Summary: Indianola housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in Indianola, IA
How many homes are available in Indianola, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 96 | -2.0% |
Summary: The Indianola real estate market had 96 homes for sale in May 2024, a 2.0% 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Indianola 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 6.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indianola, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Indianola in May 2024, up by 8.3% month-over-month. Of the 26 sold homes, 42% were sold under asking, 38% were sold at asking, and 19% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +15.1% |
Summary: Homes in Indianola had an average of 34 days on market in May 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indianola are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Indianola; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
