Is Iowa County, 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, 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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.6K | $207K | +123.5% |
| 2 Bedrooms | $162.5K | $133.5K | -17.8% |
| 3 Bedrooms | $179K | $159K | -11.2% |
| 4 Bedrooms | $241K | $220K | -8.7% |
| 5+ Bedrooms | $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 | $207K | $243.5K | +17.6% |
| Johnson County | $285K | $323K | +13.3% |
| Iowa County | $198K | $197.5K | -0.3% |
Housing Supply in Iowa County, IA
How many homes are available in Iowa County, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 63 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
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.
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.