Is Linn County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$209,401
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Linn County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Linn County was $209,401 in April 2024, up 7.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $109.9K | +37.4% |
| 2 Bedrooms | $135K | $145K | +7.4% |
| 3 Bedrooms | $189.8K | $199.9K | +5.3% |
| 4 Bedrooms | $277.6K | $294.8K | +6.2% |
| 5+ Bedrooms | $430K | $436.3K | +1.5% |
Summary: Linn County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
| Jones County | $160K | $180K | +12.5% |
| Johnson County | $289.9K | $320K | +10.4% |
| Linn County | $194.8K | $209.4K | +7.5% |
| Benton County | $175K | $184K | +5.1% |
| Cedar County | $168K | $175K | +4.2% |
Housing Supply in Linn County, IA
How many homes are available in Linn County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 827 | 878 | +6.2% |
Summary: The Linn County real estate market had 878 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 155 | 165 | +6.5% |
| 3 Bedrooms | 375 | 399 | +6.4% |
| 4 Bedrooms | 195 | 209 | +7.2% |
| 5+ Bedrooms | 92 | 93 | +1.1% |
Summary: The Linn County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 213 | 209 | -1.9% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linn County, you may be able to get a good deal. 43.1% of homes here sold below asking price last month.
Summary: A total of 209 homes were sold or pending in Linn County in April 2024, down by 1.9% month-over-month. Of the 209 sold homes, 43% were sold under asking, 31% were sold at asking, and 26% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 29 Days | -3.5% |
Summary: Homes in Linn County had an average of 29 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linn County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 209 homes were sold in Linn County; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% 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.