Sumner, IA Foreclosures
How much do homes sell for in Sumner, IA?
The average home price is currently $247,666.
In Sumner, IA, how many homes are available?
There are currently 23 active home listings available in Sumner.
What’s the average rental cost in Sumner, IA?
The average rental price in Sumner is $1,282.
What is the most expensive home in Sumner?
The most expensive home sold in Sumner had a price of $1,573,787.
What is currently the cheapest priced home in Sumner, IA?
The cheapest home for sale in Sumner is priced at $12,589.
Living in Sumner, IA
Sumner, Iowa, is a delightful small town offering a serene lifestyle complemented by friendly community vibes. This picturesque town features beautiful parks and recreational opportunities, making it perfect for families and nature lovers alike. With its excellent schools and local amenities, Sumner presents a great environment for raising children or enjoying peaceful retirement.
Current Market Conditions in Sumner, IA
The real estate market in Sumner, IA, is currently experiencing steady growth, driven by an influx of families looking for affordable housing options in a rural setting. As more people realize the benefits of living in smaller towns, the demand for homes in Sumner has increased, leading to competitive pricing.
Currently, the median home price is around $200,000, reflecting a modest increase in prices over the past year. The market is favorably tilted towards sellers, but buyers have the opportunity to find well-priced homes.
Interest rates remain relatively low, making it a good time for buyers to enter the market; however, the limited inventory could pose challenges for those seeking to purchase a home in Sumner.
Home Value Estimator For Sumner, IA
There are currently 1,814 real estate properties
in Sumner, IA,
with a median automated valuation model (AVM) price
of $190,470.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sumner, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Sumner, IA,
is $247,666.00, with the most expensive house
in Sumner, IA, topping out
at $1,573,787.00 and the cheapest home
in Sumner, IA,
clocking in at $12,589.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sumner, IA!
Rent Prices
In Sumner, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sumner, IA, is on
a rollercoaster ride. The
average rent price in Sumner, IA,
is $1,282.00. Indeed, when looking to rent in
Sumner, IA, you can expect to pay as little
as $720.00 or as much
as $2,290.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Sumner, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
