Is Van Meter, 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, 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
$307,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Van Meter have sold for 18.5% less than they did a year ago.
Summary: The median home sold price in Van Meter was $307,500 in March 2024, down 18.5% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | - | N/A |
| 2 Bedrooms | $260K | $255K | -1.9% |
| 3 Bedrooms | $243.7K | $298.4K | +22.5% |
| 4 Bedrooms | $400K | $335.1K | -16.2% |
| 5+ Bedrooms | $1.3M | $645K | -51.8% |
Summary: Van Meter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 22.5%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
| Van Meter | $345K | $313K | -9.3% |
| Van Meter | $377.1K | $307.5K | -18.5% |
Housing Supply in Van Meter, IA
How many homes are available in Van Meter, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Van Meter real estate market had 18 homes for sale in March 2024, a 10.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Van Meter 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Van Meter in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 221 Days | +986.9% |
Summary: Homes in Van Meter had an average of 221 days on market in Mar 2024, up by 986.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Van Meter are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Van Meter; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
