Is Iowa County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Iowa County has remained a Seller's Market.
Key Takeaway
Iowa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iowa County, IA
How much do homes in Iowa County, IA cost?
Median Sold Price
$173,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Iowa County have sold for 12.4% less than they did a year ago.
Summary: The median home sold price in Iowa County was $173,500 in June 2024, down 12.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.2K | $100K | -35.6% |
| 2 Bedrooms | $183.5K | $122.5K | -33.3% |
| 3 Bedrooms | $168.5K | $172K | +2.1% |
| 4 Bedrooms | $225K | $239.5K | +6.4% |
| 5+ Bedrooms | $275K | $240K | -12.7% |
Summary: Iowa County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Counties
| Poweshiek County | $192K | $239K | +24.5% |
| Johnson County | $303.6K | $320.6K | +5.6% |
| Iowa County | $198K | $173.5K | -12.4% |
Housing Supply in Iowa County, IA
How many homes are available in Iowa County, IA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Iowa County real estate market had 25 homes for sale in June 2024, a 16.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Iowa County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iowa County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Iowa County in June 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 16 Days | -49.5% |
Summary: Homes in Iowa County had an average of 16 days on market in Jun 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iowa County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Iowa County; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.