New - 3 hours on Rocket
$9,024 Closing Credit¹
Sharon Thompson, Listing Office: Home Realty
Pella Housing Market Report December 2024•Marion County, Iowa
Housing Prices in Pella, IA
How much do homes in Pella, IA cost?
Housing Market Conditions
Is Pella, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Pella is a Seller's Market
Difference Since December 2023
Since last year, Pella has remained a Seller's Market.
Insight
Pella is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$360,000$253/SqFt
+$2,000
+0.6%
Based on all homes sold in the last 12 months
Insight
Homes in Pella have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Pella was $360,000 in December 2024, up 0.6% from last year, and the median price per square foot was $253.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Pella | $358K | $360K | +0.6% |
| Lake Prairie Township | $355K | $354.5K | -0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $130K | $252.5K | +94.2% |
| 22 Bedrooms | $348.8K | $240.7K | -31.0% |
| 33 Bedrooms | $302.2K | $329K | +8.9% |
| 44 Bedrooms | $376K | $385.7K | +2.6% |
| 55+ Bedrooms | $564.8K | $560K | -0.9% |
Summary: Pella housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +94.2%. The home price for 2 bedroom homes decreased by -31.0%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +2.6%. The home price for 5 bedroom homes decreased by -0.9%.
Housing supply in Pella, IA
How many homes are available in Pella, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 53Last MonthDec 2024 | ||
| 742 months agoNov 2024 | -28.4 % Change MoMNov – Dec |
Summary: The Pella real estate market had 53 homes for sale in Dec 2024, a 28.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 14Last MonthDec 2024 | ||
| 212 months agoNov 2024 | -33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 8 | 4 | -50.0% |
| 33 Bedrooms | 22 | 19 | -13.6% |
| 44 Bedrooms | 26 | 15 | -42.3% |
| 55+ Bedrooms | 17 | 14 | -17.6% |
Summary: Pella housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -13.6%. The inventory for 4 bedroom homes decreased by -42.3%. The inventory for 5 bedroom homes decreased by -17.6%.
Asking Price vs. Sold Price
How much do homes in Pella, IA cost?
Over Asking Price2 Homes
At Asking Price3 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in Pella, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Pella in December 2024, down by 33.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and and 14% were sold over asking.
Days on Market for Pella, IA
How long does it take to sell a home in Pella, IA?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days5 Homes
Over 90 Days6 Homes
Insight
Most homes in Pella are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 14 homes were sold in Pella; 21% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 83 DaysThis YearDec 2024 | ||
| 47 Days1 year agoDec 2023 | +77.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Pella had an average listing age of 83 days in Dec 2024, up by 77.6% compared to the previous year.
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Newest Listings in Pella, IA
What homes are available in Pella, IA?
New - 7 days on Rocket
$3,266 Closing Credit¹
Holterhaus, John, Listing Office: Pella Real Estate Services
New - 7 days on RocketVideo tour
Angela McKenzie, Listing Office: RE/MAX Concepts
$2,019 Closing Credit¹
Lori Morgan, Listing Office: Century 21 Signature
Video tour
$4,958 Closing Credit¹
Dana Hansen, Listing Office: RE/MAX CONCEPTS
$3,978 Closing Credit¹
Carla Vander Molen, Listing Office: Century 21 Signature
$4,085 Closing Credit¹
Denise Gregory, Listing Office: Home Realty
$4,964 Closing Credit¹
Vicki Cowman, Listing Office: Home Realty
$2,945 Closing Credit¹
Ciara Ward, Listing Office: Pella Real Estate Services
$7,599 Closing Credit¹
Justin Ver Steeg, Listing Office: EXP Realty, LLC
$4,738 Closing Credit¹
Rachel Tiskevics, Listing Office: EXP Realty, LLC
$4,596 Closing Credit¹
Rachel Tiskevics, Listing Office: EXP Realty, LLC
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MLS Disclaimers and Copyright
Based on information from Des Moines MLS, and Cedar Rapids MLS for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.