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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Linn County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Linn County has remained a Seller's Market.

Key Takeaway

Linn County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Linn County, IA

How much do homes in Linn County, IA cost?

Median Sold Price

$205,538

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,662(+5.5%)

Key Takeaway

Homes in Linn County have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Linn County was $205,538 in March 2024, up 5.5% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $79.5K$100.7K
+26.7%
2 $136.1K$142.4K
+4.6%
3 $189K$197.2K
+4.4%
4 $275.2K$295.5K
+7.4%
5+ $430K$430.3K
0.1%

Summary: Linn County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Counties

Jones County
+25.5%
Johnson County
+13.3%
Cedar County
+9.4%
Benton County
+8.2%
Linn County
+5.5%

Housing Supply in Linn County, IA

How many homes are available in Linn County, IA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
738787+6.6%

Summary: The Linn County real estate market had 787 homes for sale in March 2024, a 6.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 69
+50.0%
2 136145
+6.6%
3 329355
+7.9%
4 182188
+3.3%
5+ 8590
+5.9%

Summary: The Linn County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
151195+29.1%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

50 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Linn County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 195 homes were sold or pending in Linn County in March 2024, up by 29.1% month-over-month. Of the 195 sold homes, 54% were sold under asking, 26% were sold at asking, and 21% 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

Mar 2023Mar 2024CHANGE
37 Days34 Days-8.3%

Summary: Homes in Linn County had an average of 34 days on market in Mar 2024, down by 8.3% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Linn County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 195 homes were sold in Linn County; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% 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 24 Days Ago

Newest Listings in Linn County, IA

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