Is Cumming, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cumming is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cumming was a Neutral Market.

Key Takeaway

Cumming is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cumming, IA

How much do homes in Cumming, IA cost?

Median Sold Price

$546,856

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,856(+2.2%)

Key Takeaway

Homes in Cumming have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Cumming was $546,856 in November 2024, up 2.2% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $512.9K-
N/A
3 $407.5K$437K
+7.2%
4 $534.2K$505K
-5.5%
5+ $629.5K$613.9K
-2.5%

Summary: Cumming housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Linn Township
+7.4%
West Des Moines
+3.6%
Cumming
+2.2%

Housing Supply in Cumming, IA

How many homes are available in Cumming, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2829+3.6%

Summary: The Cumming real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 67
+16.7%
4 911
+22.2%
5+ 119
-18.2%

Summary: The Cumming housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cumming, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cumming in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cumming, IA

How long does it take to sell a home in Cumming, IA?

Average Sale Time

Nov 2023Nov 2024CHANGE
123 Days157 Days+27.5%

Summary: Homes in Cumming had an average of 157 days on market in Nov 2024, up by 27.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cumming are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Cumming; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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