Is Iowa County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Iowa County is a seller's market

Buyer's
Market

Difference Since March 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

$197,500

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$500(-0.3%)

Key Takeaway

The sold price of homes in Iowa County has remained the same since last year.

Summary: The median home sold price in Iowa County was $197,500 in March 2024, down 0.3% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $92.6K$207K
+123.5%
2 $162.5K$133.5K
-17.8%
3 $179K$159K
-11.2%
4 $241K$220K
-8.7%
5+ $320.2K$235K
-26.6%

Summary: Iowa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.5%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 26.6%.

Median Sold Price Compared To Nearby Counties

Poweshiek County
+17.6%
Johnson County
+13.3%
Iowa County
-0.3%

Housing Supply in Iowa County, IA

How many homes are available in Iowa County, IA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1825+38.9%

Summary: The Iowa County real estate market had 25 homes for sale in March 2024, a 38.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 59
+80.0%
3 48
+100.0%
4 65
-16.7%
5+ 22
0.0%

Summary: The Iowa County 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 increased by 80%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Iowa County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Iowa County in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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

Mar 2023Mar 2024CHANGE
47 Days63 Days+32.2%

Summary: Homes in Iowa County had an average of 63 days on market in Mar 2024, up by 32.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Iowa County has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Iowa County; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Iowa County, IA

Nearby Markets to Iowa County, IA

What housing markets are near Iowa County, IA?