Pella Housing Market Report March 2025•Marion County, Iowa

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Pella is a Neutral Market

Difference Since March 2024

At the same time last year, Pella was a Buyer's Market.

Insight

Pella is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$369,050$250/SqFt
+$14,050
+4.0%

Based on all homes sold in the last 12 months

Insight

Homes in Pella have sold for 4% more than they did a year ago.

Summary: The median home sold price in Pella was $369,050 in March 2025, up 4% from last year, and the median price per square foot was $250.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pella
+4.0%
Lake Prairie Township
+1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$182K$270K
+48.4%
2$235K$240K
+2.1%
3$317.2K$323.2K
+1.9%
4$377K$387.3K
+2.7%
5$563.7K$586K
+4.0%

Summary: Pella housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +48.4%. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +2.7%. The home price for 5 bedroom homes increased by +4.0%.

How does Pella, IA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Pella, IA

Housing supply in Pella, IA

How many homes are available in Pella, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
56Last MonthMar 2025
502 months agoFeb 2025
+12.0 %
Change MoMFeb – Mar

Summary: The Pella real estate market had 56 homes for sale in Mar 2025, a 12.0 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthMar 2025
132 months agoFeb 2025
-38.5 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
111
0.0%
234
+33.3%
31615
-6.3%
41420
+42.9%
51616
0.0%

Summary: Pella housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes decreased by -6.3%. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Pella, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price4 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Pella, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Pella in March 2025, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and and 13% 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 Days6 Homes

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Many homes in Pella are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 8 homes were sold in Pella; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearMar 2025
40 Days1 year agoMar 2024
+10.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Pella had an average listing age of 44 days in Mar 2025, up by 10.8% compared to the previous year.

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Newest Listings in Pella, IA

What homes are available in Pella, IA?

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MLS Disclaimers and Copyright

Based on information from Des Moines MLS, and Cedar Rapids MLS for the period 04/01/2023 - 04/01/2025

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: 4/3/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXProvided 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: 4/3/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.