Is Cedar County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cedar County has remained a Seller's Market.
Housing Prices in Cedar County, IA
How much do homes in Cedar County, IA cost?
Median Sold Price
$175,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cedar County was $175,000 in May 2024, down 15.5% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $70K | -44.0% |
2 Bedrooms | $122.2K | $150K | +22.7% |
3 Bedrooms | $169K | $170K | +0.6% |
4 Bedrooms | $309.9K | $240K | -22.6% |
5+ Bedrooms | $352K | $375.5K | +6.7% |
Summary: Cedar County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
Scott County | $209.5K | $230.4K | +10.0% |
Johnson County | $299.9K | $325K | +8.3% |
Jones County | $170K | $179.9K | +5.8% |
Clinton County | $147.5K | $143K | -3.1% |
Cedar County | $207K | $175K | -15.5% |
Housing Supply in Cedar County, IA
How many homes are available in Cedar County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 62 | +5.1% |
Summary: The Cedar County real estate market had 62 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Cedar County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 11 | -54.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Cedar County in May 2024, down by 54.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Cedar County, IA
How long does it take to sell a home in Cedar County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -14.1% |
Summary: Homes in Cedar County had an average of 40 days on market in May 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Cedar County; 73% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.