Is Story County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Story County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Story County has remained a Seller's Market.

Key Takeaway

Story County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Story County, IA

How much do homes in Story County, IA cost?

Median Sold Price

$285,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,878(+5.9%)

Key Takeaway

Homes in Story County have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Story County was $285,000 in May 2024, up 5.9% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $110K$119.2K
+8.4%
2 $180K$178.5K
-0.8%
3 $245K$260K
+6.1%
4 $340K$365K
+7.4%
5+ $460K$401.5K
-12.7%

Summary: Story County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Counties

Story County
+5.9%
Polk County
+4.7%
Boone County
+3.0%

Housing Supply in Story County, IA

How many homes are available in Story County, IA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
232218-6.0%

Summary: The Story County real estate market had 218 homes for sale in May 2024, a 6.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 2420
-16.7%
3 8488
+4.8%
4 8166
-18.5%
5+ 4042
+5.0%

Summary: The Story County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5761+7.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Story County, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Story County in May 2024, up by 7.0% month-over-month. Of the 61 sold homes, 44% were sold under asking, 20% were sold at asking, and 36% 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

May 2023May 2024CHANGE
17 Days56 Days+217.4%

Summary: Homes in Story County had an average of 56 days on market in May 2024, up by 217.4% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Story County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 61 homes were sold in Story County; 72% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 18% 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 12 Days Ago

Newest Listings in Story County, IA

Nearby Markets to Story County, IA

What housing markets are near Story County, IA?