Is Coralville, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Coralville was a Buyer's Market.
Key Takeaway
Coralville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Coralville, IA
How much do homes in Coralville, IA cost?
Median Sold Price
$338,990
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coralville have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Coralville was $338,990 in April 2024, up 18.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.6K | $250K | +36.1% |
| 2 Bedrooms | $156.5K | $200K | +27.8% |
| 3 Bedrooms | $267.5K | $290K | +8.4% |
| 4 Bedrooms | $395K | $385.9K | -2.3% |
| 5+ Bedrooms | $435K | $587.5K | +35.1% |
Summary: Coralville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
| Coralville | $285K | $338.9K | +18.9% |
| Penn Township | $292.4K | $319.9K | +9.4% |
| West Lucas Township | $245K | $260K | +6.1% |
| North Liberty | $281K | $297.5K | +5.9% |
| Clear Creek Township | $342.4K | $354.9K | +3.6% |
Housing Supply in Coralville, IA
How many homes are available in Coralville, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 66 | +8.2% |
Summary: The Coralville real estate market had 66 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Coralville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coralville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Coralville in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Coralville, IA
How long does it take to sell a home in Coralville, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 61 Days | +178.6% |
Summary: Homes in Coralville had an average of 61 days on market in Apr 2024, up by 178.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coralville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Coralville; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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.