Is Cumming, 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, Cumming has remained a Buyer's Market.
Housing Prices in Cumming, IA
How much do homes in Cumming, IA cost?
Median Sold Price
$515,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cumming was $515,000 in April 2024, down 11.8% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $316.6K | - | N/A |
2 Bedrooms | $487.9K | - | N/A |
3 Bedrooms | $435K | $422K | -3.0% |
4 Bedrooms | $573.2K | $519.9K | -9.3% |
5+ Bedrooms | $712.5K | $575K | -19.3% |
Summary: Cumming 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 did not change, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
West Des Moines | $289K | $311.8K | +7.9% |
Linn Township | $309.5K | $330K | +6.6% |
Cumming | $583.7K | $515K | -11.8% |
Housing Supply in Cumming, IA
How many homes are available in Cumming, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Summary: The Cumming real estate market had 33 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Cumming 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 25%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Cumming in April 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cumming, IA
How long does it take to sell a home in Cumming, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 7 Days | -91.8% |
Summary: Homes in Cumming had an average of 7 days on market in Apr 2024, down by 91.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Cumming; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.