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Featured local agent — Pella, IA
Sarah Mitchell
Compass Real Estate · Pella, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pella, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Pella, IA housing market right now?
The median home sale price in Pella, IA is $295,000, down 12.3% year-over-year. Homes sell in an average of 40 days with 62 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pella a buyer's or seller's market?
Pella, IA is currently a balanced market, based on 3.3 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
40
Average pace
Active listings
62
3.3 months supply
Sale-to-list
98.5%
Below asking
What does the Pella housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $320,000 |
| Year-over-year price change | -12.3% |
| Average days on market | 40 days |
| Active inventory | 62 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $208/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 17 |
| Listings with a price cut | 24.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Pella by property type?
How the Pella, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $340,000 | $232/sq ft | 17 | 39 days |
| Condo / Co-op | $278,950 | $198/sq ft | 2 | 355 days |
| Townhouse | $343,000 | $221/sq ft | 1 | 78 days |
Source: Redfin · Updated monthly
The Pella housing market is currently classified as a balanced market with a median sale price of $295,000. Prices have fallen 12.3% compared to last year, with homes spending an average of 40 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Pella
There are currently 62 homes listed for sale in Pella, Iowa. The median listing price is $320K.
Active listings
62
Homes on market
Median list price
$320K
Avg. days on market
40
Days until sale
New this week
17
Newly listed
Who lives in Pella?
Population
10,624
Median income
$81,201/yr
Median age
35.1 years
Owner-occupied
62.6%
College grads
47.8%
Avg commute
13.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Pella?
Zillow home value
$362,929
Zillow rent index
$1,085/mo
Price-to-rent ratio
27.9x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Pella?
Pella is a community of approximately 11K residents with a median age of 35.1 years.The median household income is $81,201, which reflects a relatively affluent area with strong earning potential. 47.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.6%, showing a blend of owner and renter-occupied properties. The average commute time is 13.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pella offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pella?
5 schools tracked · 2,476 students
The largest public schools serving Pella, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pella High School
Grades 9-12 · 791 students
Jefferson Intermediate
Grades 4-6 · 502 students
Madison Elementary School
Grades PK-3 · 486 students
Pella Middle School
Grades 7-8 · 363 students
Lincoln Elementary School
Grades PK-3 · 334 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pella, IA?
Want a head-to-head view? Compare Pella side-by-side with any other U.S. city using our market-comparison tool.
Is Pella a good real estate investment market?
For investors evaluating Pella, the price-to-rent ratio of 27.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 12.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pella's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pella's median home price.
Frequently asked questions
What is the average home price in Pella?
The median home sale price in Pella is $295,000, down 12.3% from last year.
How long do homes stay on market in Pella?
Homes typically spend 40 days on market before going under contract.
What is the median income in Pella?
The median household income is $81,201 per year.
Is Pella a buyer's or seller's market?
With 3.3 months of supply, Pella is currently a balanced market.
What is the Zillow home value estimate for Pella?
The Zillow Home Value Index (ZHVI) for Pella is $362,929, representing the typical home value in the area.
What is the median condo price in Pella?
The median condo/co-op sale price in Pella, IA is $278,950, compared to $340,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pella?
The median single-family home price in Pella, IA is $340,000 (about $232 per square foot).
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