Is Merle Hay, 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, Merle Hay has remained a Seller's Market.
Housing Prices in Merle Hay, IA
How much do homes in Merle Hay, IA cost?
Median Sold Price
$215,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Merle Hay was $215,500 in April 2024, up 7.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127K | $105.9K | -16.6% |
2 Bedrooms | $167K | $182K | +8.9% |
3 Bedrooms | $214.9K | $230K | +7.0% |
4 Bedrooms | $254K | $270K | +6.3% |
5+ Bedrooms | $457.5K | $259.9K | -43.2% |
Summary: Merle Hay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 43.2%.
Median Sold Price Compared To Nearby Neighborhoods
Meredith | $240K | $279K | +16.3% |
Merle Hay | $200K | $215.5K | +7.8% |
Beaverdale | $229.4K | $245K | +6.8% |
Waveland Park | $249K | $255.5K | +2.6% |
Housing Supply in Merle Hay, IA
How many homes are available in Merle Hay, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 52 | -16.1% |
Summary: The Merle Hay real estate market had 52 homes for sale in April 2024, a 16.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 30 | 21 | -30.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Merle Hay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Merle Hay in April 2024, down by 11.8% month-over-month. Of the 15 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Merle Hay, IA
How long does it take to sell a home in Merle Hay, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | +1.3% |
Summary: Homes in Merle Hay had an average of 29 days on market in Apr 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Merle Hay; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.