Is Story 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, Story County has remained a Seller's Market.
Housing Prices in Story County, IA
How much do homes in Story County, IA cost?
Median Sold Price
$282,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Story County was $282,500 in March 2024, up 8.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $119.2K | +8.4% |
2 Bedrooms | $180K | $178K | -1.1% |
3 Bedrooms | $235.6K | $257.5K | +9.3% |
4 Bedrooms | $340K | $356K | +4.7% |
5+ Bedrooms | $460K | $421.9K | -8.3% |
Summary: Story County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Counties
Story County | $259.9K | $282.5K | +8.7% |
Boone County | $182.9K | $195.6K | +7.0% |
Polk County | $264.4K | $279.9K | +5.9% |
Housing Supply in Story County, IA
How many homes are available in Story County, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
201 | 208 | +3.5% |
Summary: The Story County real estate market had 208 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 23 | 20 | -13.0% |
3 Bedrooms | 78 | 73 | -6.4% |
4 Bedrooms | 78 | 79 | +1.3% |
5+ Bedrooms | 21 | 33 | +57.1% |
Summary: The Story County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 50 | +31.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Story County in March 2024, up by 31.6% month-over-month. Of the 50 sold homes, 50% were sold under asking, 34% were sold at asking, and 16% were sold over asking.
Days on Market for Story County, IA
How long does it take to sell a home in Story County, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 56 Days | +33.9% |
Summary: Homes in Story County had an average of 56 days on market in Mar 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 50 homes were sold in Story County; 70% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.