Is Van Meter, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Van Meter was a Buyer's Market.
Key Takeaway
Van Meter is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Van Meter, IA
How much do homes in Van Meter, IA cost?
Median Sold Price
$305,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Van Meter have sold for 17.9% less than they did a year ago.
Summary: The median home sold price in Van Meter was $305,000 in April 2024, down 17.9% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $371.4K | $155K | -58.3% |
| 3 Bedrooms | $219.9K | $297.7K | +35.3% |
| 4 Bedrooms | $419K | $307.5K | -26.6% |
| 5+ Bedrooms | $498K | $610K | +22.5% |
Summary: Van Meter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.3%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Van Meter Township | $318.5K | $307.5K | -3.5% |
| Van Meter | $371.4K | $305K | -17.9% |
| Van Meter | $374.2K | $304.9K | -18.5% |
Housing Supply in Van Meter, IA
How many homes are available in Van Meter, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The Van Meter real estate market had 18 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Van Meter housing inventory by bedroom type for April 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 125%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Van Meter in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Van Meter, IA
How long does it take to sell a home in Van Meter, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 30 Days | -52.0% |
Summary: Homes in Van Meter had an average of 30 days on market in Apr 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Van Meter are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Van Meter; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
