Is Boone County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Boone County has remained a Seller's Market.
Key Takeaway
Boone County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone County, IA
How much do homes in Boone County, IA cost?
Median Sold Price
$196,895
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Boone County have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Boone County was $196,895 in April 2024, up 7.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $80.5K | -5.3% |
| 2 Bedrooms | $132.4K | $153.4K | +15.9% |
| 3 Bedrooms | $199.4K | $205K | +2.8% |
| 4 Bedrooms | $236.7K | $254K | +7.3% |
| 5+ Bedrooms | $300K | $357.5K | +19.2% |
Summary: Boone County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Counties
| Story County | $260.3K | $284.9K | +9.5% |
| Boone County | $182.9K | $196.8K | +7.7% |
| Dallas County | $337.4K | $349.8K | +3.7% |
Housing Supply in Boone County, IA
How many homes are available in Boone County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 101 | -9.0% |
Summary: The Boone County real estate market had 101 homes for sale in April 2024, a 9.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 47 | 44 | -6.4% |
| 4 Bedrooms | 25 | 18 | -28.0% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Boone County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone County, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Boone County in April 2024, up by 16.0% month-over-month. Of the 29 sold homes, 41% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for Boone County, IA
How long does it take to sell a home in Boone County, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 35 Days | +223.8% |
Summary: Homes in Boone County had an average of 35 days on market in Apr 2024, up by 223.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Boone County; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
