Is Indianola, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Indianola was a Neutral 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
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indianola have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Indianola was $275,000 in March 2024, up 8.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $142.5K | +50.0% |
| 2 Bedrooms | $190K | $183.5K | -3.4% |
| 3 Bedrooms | $245K | $262.5K | +7.1% |
| 4 Bedrooms | $295K | $326.5K | +10.7% |
| 5+ Bedrooms | $533.9K | $356.3K | -33.3% |
Summary: Indianola housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 33.3%.
Housing Supply in Indianola, IA
How many homes are available in Indianola, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 68 | -6.8% |
Summary: The Indianola real estate market had 68 homes for sale in March 2024, a 6.8% decrease 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Indianola 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 decreased by 10%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indianola, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Indianola in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 84 Days | +33.9% |
Summary: Homes in Indianola had an average of 84 days on market in Mar 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Indianola are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 14 homes were sold in Indianola; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
