Is Boone County, 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, Boone County has remained a Seller's Market.
Key Takeaway
Boone County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone County, IA
How much do homes in Boone County, IA cost?
Median Sold Price
$195,685
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Boone County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Boone County was $195,685 in March 2024, up 7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $80.5K | -7.5% |
| 2 Bedrooms | $133K | $157K | +18.0% |
| 3 Bedrooms | $199.4K | $205K | +2.8% |
| 4 Bedrooms | $236.8K | $258K | +8.9% |
| 5+ Bedrooms | $279.7K | $400K | +43.0% |
Summary: Boone County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 43%.
Median Sold Price Compared To Nearby Counties
| Story County | $259.9K | $282.5K | +8.7% |
| Boone County | $182.9K | $195.6K | +7.0% |
| Dallas County | $337.4K | $350.5K | +3.9% |
Housing Supply in Boone County, IA
How many homes are available in Boone County, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 104 | +11.8% |
Summary: The Boone County real estate market had 104 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 37 | 45 | +21.6% |
| 4 Bedrooms | 24 | 25 | +4.2% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Boone County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 24 | +200.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Boone County in March 2024, up by 200.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.
Days on Market for Boone County, IA
How long does it take to sell a home in Boone County, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 46 Days | -10.1% |
Summary: Homes in Boone County had an average of 46 days on market in Mar 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Boone County; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
