Cedar Rapids, IA
Housing market overview · Updated weekly
$187,985median sale price
Homes sold
122
Last 12 weeks
Days on market
41
Average pace
Active listings
215
1.8 months supply
Sale-to-list
97.1%
Below asking
The Cedar Rapids housing market is currently classified as a seller's market with a median sale price of $187,985. Prices have fallen 3.5% compared to last year, with homes spending an average of 41 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Cedar Rapids?
The median home sale price in Cedar Rapids is $187,985, down 3.5% from last year.
How long do homes stay on market in Cedar Rapids?
Homes typically spend 41 days on market before going under contract.
Is Cedar Rapids a buyer's or seller's market?
With 1.8 months of supply, Cedar Rapids is currently a seller's market.
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