Luther, IA Foreclosures
How much do homes sell for in Luther, IA?
The average home price is currently $248,889.
In Luther, IA, how many homes are available?
There are currently 1 active home listings available in Luther.
What’s the average rental cost in Luther, IA?
The average rental price in Luther is $1,426.
What is the most expensive home in Luther?
The most expensive home sold in Luther had a price of $699,905.
What is currently the cheapest priced home in Luther, IA?
The cheapest home for sale in Luther is priced at $47,260.
Living in Luther, IA
Luther, IA is a quaint town offering a peaceful rural lifestyle paired with a strong sense of community. With nearby recreational opportunities, quality schools, and easy access to larger cities, it’s a great place for families and those seeking a quieter life.
Current Market Conditions in Luther, IA
The real estate market in Luther is currently experiencing an upward trend, with more buyers looking for homes in this peaceful community. The demand is driven by the area's serene environment and excellent school district, making it a highly sought-after location for families and retirees alike.
In recent months, home prices in Luther have seen a steady increase, indicating a robust market. The inventory remains relatively low, which adds competitive pressure for buyers, resulting in quicker sales and higher selling prices.
Home Value Estimator For Luther, IA
There are currently 87 real estate properties
in Luther, IA,
with a median automated valuation model (AVM) price
of $241,529.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luther, 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 Luther, IA,
is $248,889.00, with the most expensive house
in Luther, IA, topping out
at $699,905.00 and the cheapest home
in Luther, IA,
clocking in at $47,260.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luther, IA!
Rent Prices
In Luther, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luther, IA, is on
a rollercoaster ride. The
average rent price in Luther, IA,
is $1,426.00. Indeed, when looking to rent in
Luther, IA, you can expect to pay as little
as $970.00 or as much
as $1,980.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Luther, 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.
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