Is Jones 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, Jones County has remained a Seller's Market.
Key Takeaway
Jones County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jones County, IA
How much do homes in Jones County, IA cost?
Median Sold Price
$194,500
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jones County have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Jones County was $194,500 in March 2024, up 25.5% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $73.5K | N/A |
| 2 Bedrooms | $121.5K | $158.2K | +30.2% |
| 3 Bedrooms | $143K | $172K | +20.3% |
| 4 Bedrooms | $193.5K | $267K | +38.0% |
| 5+ Bedrooms | $305K | $305K | 0.0% |
Summary: Jones County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 38%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Jones County | $155K | $194.5K | +25.5% |
| Cedar County | $164.5K | $180K | +9.4% |
| Linn County | $194.8K | $205.5K | +5.5% |
Housing Supply in Jones County, IA
How many homes are available in Jones County, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Jones County real estate market had 39 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jones 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 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jones County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Jones County in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Jones County, IA
How long does it take to sell a home in Jones County, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 16 Days | -62.3% |
Summary: Homes in Jones County had an average of 16 days on market in Mar 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
5 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 Jones County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Jones County; 71% of homes were sold within 30 days, 29% 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.