Is Ames, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ames has remained a Seller's Market.
Housing Prices in Ames, IA
How much do homes in Ames, IA cost?
Median Sold Price
$309,350
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ames was $309,350 in March 2024, up 13.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $119.2K | -0.7% |
2 Bedrooms | $183.5K | $188K | +2.5% |
3 Bedrooms | $255K | $280K | +9.8% |
4 Bedrooms | $340.9K | $357K | +4.7% |
5+ Bedrooms | $448.7K | $413.2K | -7.9% |
Summary: Ames housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
Ames | $273.2K | $309.3K | +13.2% |
Washington Township | $250K | $269K | +7.6% |
Franklin Township | $305K | $323.5K | +6.1% |
Grant Township | $292.5K | $300K | +2.6% |
Housing Supply in Ames, IA
How many homes are available in Ames, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 108 | +11.3% |
Summary: The Ames real estate market had 108 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 45 | 46 | +2.2% |
5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Ames housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Ames in March 2024, up by 56.3% month-over-month. Of the 25 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for Ames, IA
How long does it take to sell a home in Ames, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 62 Days | +113.9% |
Summary: Homes in Ames had an average of 62 days on market in Mar 2024, up by 113.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Ames; 76% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.