Is Coralville, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Coralville has remained a Buyer's Market.
Key Takeaway
Coralville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coralville, IA
How much do homes in Coralville, IA cost?
Median Sold Price
$335,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coralville have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Coralville was $335,000 in March 2024, up 18.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.6K | $250K | +36.1% |
| 2 Bedrooms | $156.5K | $203K | +29.7% |
| 3 Bedrooms | $258.7K | $292.5K | +13.0% |
| 4 Bedrooms | $394.6K | $385.9K | -2.2% |
| 5+ Bedrooms | $419.9K | $587.5K | +39.9% |
Summary: Coralville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Coralville | $282K | $335K | +18.8% |
| Penn Township | $285K | $324.9K | +14.0% |
| West Lucas Township | $245K | $278.5K | +13.7% |
| North Liberty | $276.2K | $299.9K | +8.6% |
| Clear Creek Township | $337.4K | $356.4K | +5.7% |
Housing Supply in Coralville, IA
How many homes are available in Coralville, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 56 | +9.8% |
Summary: The Coralville real estate market had 56 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 21 | 31 | +47.6% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Coralville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 47.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coralville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Coralville in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 198 Days | 79 Days | -59.8% |
Summary: Homes in Coralville had an average of 79 days on market in Mar 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 March 2024, 6 homes were sold in Coralville; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.