Is Linn 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, 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
$205,538
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $100.7K | +26.7% |
2 Bedrooms | $136.1K | $142.4K | +4.6% |
3 Bedrooms | $189K | $197.2K | +4.4% |
4 Bedrooms | $275.2K | $295.5K | +7.4% |
5+ Bedrooms | $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 | $155K | $194.5K | +25.5% |
Johnson County | $285K | $323K | +13.3% |
Cedar County | $164.5K | $180K | +9.4% |
Benton County | $170.9K | $185K | +8.2% |
Linn County | $194.8K | $205.5K | +5.5% |
Housing Supply in Linn County, IA
How many homes are available in Linn County, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
738 | 787 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 136 | 145 | +6.6% |
3 Bedrooms | 329 | 355 | +7.9% |
4 Bedrooms | 182 | 188 | +3.3% |
5+ Bedrooms | 85 | 90 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 195 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 34 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
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.