Is Iowa 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, Iowa County has remained a Seller's Market.
Housing Prices in Iowa County, IA
How much do homes in Iowa County, IA cost?
Median Sold Price
$185,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Iowa County was $185,000 in May 2024, down 7.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.2K | $100K | -35.6% |
2 Bedrooms | $151.5K | $130K | -14.2% |
3 Bedrooms | $172.5K | $166K | -3.8% |
4 Bedrooms | $240.5K | $225K | -6.4% |
5+ Bedrooms | $335K | $235K | -29.9% |
Summary: Iowa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 29.9%.
Median Sold Price Compared To Nearby Counties
Poweshiek County | $213.5K | $236K | +10.5% |
Johnson County | $299.9K | $325K | +8.3% |
Iowa County | $200K | $185K | -7.5% |
Housing Supply in Iowa County, IA
How many homes are available in Iowa County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The Iowa County real estate market had 28 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Iowa 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 decreased by 50%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Iowa County in May 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Iowa County, IA
How long does it take to sell a home in Iowa County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 11 Days | -43.1% |
Summary: Homes in Iowa County had an average of 11 days on market in May 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Iowa County; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.