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Short Sale Listings in Letts, IA

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Letts, IA Foreclosures

How much do homes sell for in Letts, IA?
The average home price is currently $266,416.
In Letts, IA, how many homes are available?
There are currently 18 active home listings available in Letts.
What’s the average rental cost in Letts, IA?
The average rental price in Letts is $1,234.
What is the most expensive home in Letts?
The most expensive home sold in Letts had a price of $1,715,700.
What is currently the cheapest priced home in Letts, IA?
The cheapest home for sale in Letts is priced at $15,860.

Living in Letts, IA

Letts, Iowa is a serene and charming small town with a strong sense of community. Known for its rural beauty and outdoor activities, Letts is ideal for those seeking a relaxed lifestyle. While amenities are limited within the town, nearby communities provide additional services and entertainment options.

Current Market Conditions in Letts, IA

The real estate market in Letts remains stable, characterized by affordable housing options and relatively low turnover rates. The demand for homes in small rural communities like Letts is steady, primarily driven by local buyers and those looking to escape the hustle and bustle of urban living. The architectural style of homes ranges from quaint older properties to more modern constructions, providing diversity in choices for potential buyers.

Overall, the Letts real estate market has seen a gradual increase in home values over the past few years, with a particular interest from families looking for a quiet and safe environment to raise children.

Home Value Estimator For Letts, IA

There are currently 553 real estate properties in Letts, IA, with a median automated valuation model (AVM) price of $231,741.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Letts, 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 Letts, IA, is $266,416.00, with the most expensive house in Letts, IA, topping out at $1,715,700.00 and the cheapest home in Letts, IA, clocking in at $15,860.00. In other words, there’s something for every potential homebuyer or savvy investor in Letts, IA!

Rent Prices In Letts, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Letts, IA, is on a rollercoaster ride. The average rent price in Letts, IA, is $1,234.00. Indeed, when looking to rent in Letts, IA, you can expect to pay as little as $740.00 or as much as $2,150.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Letts, 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.

Letts, IA Short Sale Listings

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