$6,234 Closing Credit*
$525,000
1,802 SqFt
5 Beds
•2 Full Baths
Robin Von Gillern, Listing Office: RE/MAX Concepts
Is Van Meter, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Van Meter was a Seller'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
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$35,121(-10.3%)
Key Takeaway
Homes in Van Meter have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Van Meter was $305,000 in August 2024, down 10.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263.2K | - | N/A |
| 3 Bedrooms | $277.7K | $284.9K | +2.6% |
| 4 Bedrooms | $422.2K | $320K | -24.2% |
| 5+ Bedrooms | $712.5K | $680K | -4.6% |
Summary: Van Meter housing prices by bedroom type for August 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 2.6%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Van Meter Township | $313K | $316.4K | +1.1% |
| Van Meter | $340.1K | $305K | -10.3% |
| Van Meter | $335.2K | $283.6K | -15.4% |
Housing Supply in Van Meter, IA
How many homes are available in Van Meter, IA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Van Meter real estate market had 25 homes for sale in August 2024, a 3.8% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Van Meter housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Meter, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Van Meter in August 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 82 Days | 76 Days | -6.9% |
Summary: Homes in Van Meter had an average of 76 days on market in Aug 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Van Meter are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 4 homes were sold in Van Meter; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
