Is Linn 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, Linn County has remained a Seller's Market.
Housing Prices in Linn County, IA
How much do homes in Linn County, IA cost?
Median Sold Price
$214,758
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Linn County was $214,758 in June 2024, up 8.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $109.9K | +38.3% |
2 Bedrooms | $137.4K | $147K | +6.9% |
3 Bedrooms | $192.2K | $203.1K | +5.7% |
4 Bedrooms | $278.5K | $299.6K | +7.6% |
5+ Bedrooms | $432.3K | $438K | +1.3% |
Summary: Linn County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Counties
Jones County | $165.7K | $180K | +8.6% |
Linn County | $198.2K | $214.7K | +8.3% |
Johnson County | $303.6K | $320.6K | +5.6% |
Benton County | $176K | $183.5K | +4.3% |
Cedar County | $190K | $180K | -5.3% |
Housing Supply in Linn County, IA
How many homes are available in Linn County, IA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,070 | 1,007 | -5.9% |
Summary: The Linn County real estate market had 1,007 homes for sale in June 2024, a 5.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 184 | 162 | -12.0% |
3 Bedrooms | 482 | 461 | -4.4% |
4 Bedrooms | 292 | 268 | -8.2% |
5+ Bedrooms | 103 | 106 | +2.9% |
Summary: The Linn County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
326 | 269 | -17.5% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
74 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Summary: A total of 269 homes were sold or pending in Linn County in June 2024, down by 17.5% month-over-month. Of the 269 sold homes, 42% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for Linn County, IA
How long does it take to sell a home in Linn County, IA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 31 Days | +24.4% |
Summary: Homes in Linn County had an average of 31 days on market in Jun 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
197 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During June 2024, 269 homes were sold in Linn County; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.