The past year was an unprecedented in the real estate world. The average number of days a house was on the market was just 32 days in Ames. During the summer months, houses were selling in under a month and they were routinely receiving multiple offers.
The very strong sellers market led to the median list price and the median sale price to be nearly identical. The median list price in Ames was $269,900 and the median sale price was $267,500 in 2021. In 2020, the median list price was $249,000 and the median sale price was $231,000 — a 14% increase in median sale price from 2020 to 2021.
Buyer’s needed patience, persistence and a knowledgeable real estate agent to help guide them through the market. That’s where we at Friedrich Iowa Realty took the most pride. We had a banner year number of transactions and helping individuals and families throughout central Iowa find their home.
READ THE FULL REPORT HERE: https://www.greatiowahomes.com/documents/resources/2021_market_report_Fin_86C056B86E97B.pdf