Is Coralville, 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, Coralville has remained a Seller's Market.
Key Takeaway
Coralville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coralville, IA
How much do homes in Coralville, IA cost?
Median Sold Price
$344,095
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coralville have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Coralville was $344,095 in May 2024, up 17.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.7K | $250K | +71.6% |
| 2 Bedrooms | $190K | $212.2K | +11.7% |
| 3 Bedrooms | $271.3K | $299.9K | +10.6% |
| 4 Bedrooms | $375K | $386.9K | +3.2% |
| 5+ Bedrooms | $571.9K | $625K | +9.3% |
Summary: Coralville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| West Lucas Township | $242.5K | $295K | +21.6% |
| Coralville | $292.4K | $344K | +17.7% |
| Penn Township | $299.9K | $329.9K | +10.0% |
| Clear Creek Township | $327K | $357.9K | +9.5% |
| North Liberty | $294.4K | $297.5K | +1.0% |
Housing Supply in Coralville, IA
How many homes are available in Coralville, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 74 | -5.1% |
Summary: The Coralville real estate market had 74 homes for sale in May 2024, a 5.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Coralville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coralville, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Coralville in May 2024, up by 15.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 60% were sold at asking, and 13% were sold over asking.
Days on Market for Coralville, IA
How long does it take to sell a home in Coralville, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 39 Days | +186.0% |
Summary: Homes in Coralville had an average of 39 days on market in May 2024, up by 186% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coralville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Coralville; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.