Melbourne, IA Foreclosures
How much do homes sell for in Melbourne, IA?
The average home price is currently $205,828.
In Melbourne, IA, how many homes are available?
There are currently 7 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, IA?
The average rental price in Melbourne is $1,219.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $2,295,900.
What is currently the cheapest priced home in Melbourne, IA?
The cheapest home for sale in Melbourne is priced at $26,283.
Living in Melbourne, IA
Nestled in the heart of Iowa, Melbourne is a charming small town with a tight-knit community. It boasts a peaceful lifestyle with low traffic, making it perfect for families and retirees alike. Residents enjoy easy access to nearby parks, recreational activities, and a strong sense of community pride.
Current Market Conditions in Melbourne, IA
The real estate market in Melbourne is currently seeing a stable demand, with homes typically selling relatively quickly due to the area's appeal to families and retirees. The average time on market has decreased slightly over the past year, indicating that buyers are keenly interested in available properties.
There has been a noticeable increase in home values over the past year, which indicates a growing confidence in the local real estate market. This trend is likely fueled by the town's attractive features, including its strong community, safety, and recreational opportunities.
Home Value Estimator For Melbourne, IA
There are currently 738 real estate properties
in Melbourne, IA,
with a median automated valuation model (AVM) price
of $184,077.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Melbourne, 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 Melbourne, IA,
is $205,828.00, with the most expensive house
in Melbourne, IA, topping out
at $2,295,900.00 and the cheapest home
in Melbourne, IA,
clocking in at $26,283.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melbourne, IA!
Rent Prices
In Melbourne, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melbourne, IA, is on
a rollercoaster ride. The
average rent price in Melbourne, IA,
is $1,219.00. Indeed, when looking to rent in
Melbourne, IA, you can expect to pay as little
as $900.00 or as much
as $2,680.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Melbourne, 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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