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Cedar Rapids Housing Market Report May 2025•Linn County, Iowa
Housing Prices in Cedar Rapids, IA
How much do homes in Cedar Rapids, IA cost?
Housing Market Conditions
Is Cedar Rapids, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cedar Rapids is a Seller's Market
Difference Since May 2024
Since last year, Cedar Rapids has remained a Seller's Market.
Insight
Cedar Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$199,973$128/SqFt
+$9,475
+5.0%
Based on all homes sold in the last 12 months
Insight
Homes in Cedar Rapids have sold for 5% more than they did a year ago.
Summary: The median home sold price in Cedar Rapids was $199,973 in May 2025, up 5% from last year, and the median price per square foot was $128.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Marion Township | $265.5K | $285K | +7.3% |
| Clinton Township | $127.2K | $135K | +6.1% |
| Cedar Rapids | $190.4K | $199.9K | +5.0% |
| Monroe Township | $325K | $329.9K | +1.5% |
| Hiawatha | $285K | $250K | -12.3% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $112K | $95.4K | -14.8% |
| 22 Bedrooms | $139.6K | $135.4K | -3.0% |
| 33 Bedrooms | $189.9K | $198.2K | +4.3% |
| 44 Bedrooms | $279K | $282.3K | +1.2% |
| 55+ Bedrooms | $389.4K | $391.2K | 0.5% |
Summary: Cedar Rapids housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -14.8%. The home price for 2 bedroom homes decreased by -3.0%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes increased by +1.2%. The home price for 5 bedroom homes increased by 0.5%.
How does Cedar Rapids, IA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Cedar Rapids, IA
Housing supply in Cedar Rapids, IA
How many homes are available in Cedar Rapids, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 642Last MonthMay 2025 | ||
| 6442 months agoApr 2025 | -0.3 % Change MoMApr – May |
Summary: The Cedar Rapids real estate market had 642 homes for sale in May 2025, a 0.3 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 194Last MonthMay 2025 | ||
| 1762 months agoApr 2025 | +10.2 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 9 | 13 | +44.4% |
| 22 Bedrooms | 149 | 133 | -10.7% |
| 33 Bedrooms | 287 | 292 | +1.7% |
| 44 Bedrooms | 153 | 158 | +3.3% |
| 55+ Bedrooms | 46 | 46 | 0.0% |
Summary: Cedar Rapids housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +44.4%. The inventory for 2 bedroom homes decreased by -10.7%. The inventory for 3 bedroom homes increased by +1.7%. The inventory for 4 bedroom homes increased by +3.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Cedar Rapids, IA cost?
Over Asking Price70 Homes
At Asking Price57 Homes
Under Asking Price67 Homes
Insight
If you're buying a home in Cedar Rapids, you could pay more than the asking price. 36.1% of homes here sold above asking price last month.
Summary: A total of 194 homes were sold or pending in Cedar Rapids in May 2025, up by 10.2% month-over-month. Of the 194 sold homes, 35% were sold under asking, 29% were sold at asking, and and 36% were sold over asking.
Days on Market for Cedar Rapids, IA
How long does it take to sell a home in Cedar Rapids, IA?
Breakdown of Home Sale Times
Under 30 Days156 Homes
30 – 90 Days24 Homes
Over 90 Days12 Homes
Insight
Many homes in Cedar Rapids are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 194 homes were sold in Cedar Rapids; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 24 DaysThis YearMay 2025 | ||
| 28 Days1 year agoMay 2024 | -12.9 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Cedar Rapids had an average listing age of 24 days in May 2025, down by 12.9% compared to the previous year.
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Newest Listings in Cedar Rapids, IA
What homes are available in Cedar Rapids, IA?
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 06/01/2023 - 06/01/2025
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. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 2:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.