Is Ames, 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, Ames has remained a Seller's Market.
Key Takeaway
Ames is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ames, IA
How much do homes in Ames, IA cost?
Median Sold Price
$309,966
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ames have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Ames was $309,966 in April 2024, up 13.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $127.5K | +6.3% |
| 2 Bedrooms | $182K | $188K | +3.3% |
| 3 Bedrooms | $255K | $280K | +9.8% |
| 4 Bedrooms | $339K | $358K | +5.6% |
| 5+ Bedrooms | $445K | $413.2K | -7.1% |
Summary: Ames housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Ames | $272.5K | $309.9K | +13.7% |
| Franklin Township | $305K | $327.7K | +7.5% |
| Washington Township | $250K | $268.2K | +7.3% |
Housing Supply in Ames, IA
How many homes are available in Ames, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 120 | +1.7% |
Summary: The Ames real estate market had 120 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 37 | 45 | +21.6% |
| 4 Bedrooms | 51 | 39 | -23.5% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Ames 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 37.5%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ames, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Ames in April 2024, down by 11.1% month-over-month. Of the 24 sold homes, 88% were sold under asking, 4% were sold at asking, and 8% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 64 Days | +748.8% |
Summary: Homes in Ames had an average of 64 days on market in Apr 2024, up by 748.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ames are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Ames; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
