New - 24 minutes on Rocket
$3,907 Closing Credit¹
#2501098, Shannon Banks, Listing Office: SKOGMAN REALTY
Cedar Rapids Housing Market Report January 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 January 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
$199,639$128/SqFt
+$12,525
+6.7%
Based on all homes sold in the last 12 months
Insight
Homes in Cedar Rapids have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Cedar Rapids was $199,639 in January 2025, up 6.7% from last year, and the median price per square foot was $128.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Marion Township | $251.6K | $281K | +11.6% |
| Monroe Township | $315K | $344.7K | +9.4% |
| Clinton Township | $124K | $134K | +8.1% |
| Cedar Rapids | $187.1K | $199.6K | +6.7% |
| Hiawatha | $321K | $250K | -22.1% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $89.9K | $107.7K | +19.9% |
| 22 Bedrooms | $132.5K | $139.9K | +5.6% |
| 33 Bedrooms | $185K | $198.3K | +7.2% |
| 44 Bedrooms | $277.2K | $270.6K | -2.4% |
| 55+ Bedrooms | $390K | $381K | -2.3% |
Summary: Cedar Rapids housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +19.9%. The home price for 2 bedroom homes increased by +5.6%. The home price for 3 bedroom homes increased by +7.2%. The home price for 4 bedroom homes decreased by -2.4%. The home price for 5 bedroom homes decreased by -2.3%.
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 |
|---|---|---|
| 502Last MonthJan 2025 | ||
| 5472 months agoDec 2024 | -8.2 % Change MoMDec – Jan |
Summary: The Cedar Rapids real estate market had 502 homes for sale in Jan 2025, a 8.2 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 99Last MonthJan 2025 | ||
| 1752 months agoDec 2024 | -43.4 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 3 | -25.0% |
| 22 Bedrooms | 139 | 138 | -0.7% |
| 33 Bedrooms | 237 | 220 | -7.2% |
| 44 Bedrooms | 133 | 109 | -18.0% |
| 55+ Bedrooms | 34 | 32 | -5.9% |
Summary: Cedar Rapids housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -0.7%. The inventory for 3 bedroom homes decreased by -7.2%. The inventory for 4 bedroom homes decreased by -18.0%. The inventory for 5 bedroom homes decreased by -5.9%.
Asking Price vs. Sold Price
How much do homes in Cedar Rapids, IA cost?
Over Asking Price15 Homes
At Asking Price22 Homes
Under Asking Price62 Homes
Insight
If you're buying a home in Cedar Rapids, you may be able to get a good deal. 62.6% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Cedar Rapids in January 2025, down by 43.4% month-over-month. Of the 99 sold homes, 63% were sold under asking, 22% were sold at asking, and and 15% 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 Days49 Homes
30 – 90 Days35 Homes
Over 90 Days14 Homes
Insight
Many homes in Cedar Rapids are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 99 homes were sold in Cedar Rapids; 49% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 45 DaysThis YearJan 2025 | ||
| 34 Days1 year agoJan 2024 | +32.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Cedar Rapids had an average listing age of 45 days in Jan 2025, up by 32.8% compared to the previous year.
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Newest Listings in Cedar Rapids, IA
What homes are available in Cedar Rapids, IA?
New - 4 hours on Rocket
$594 Closing Credit¹
#2501096, Josh Klindt, Listing Office: Keller Williams Legacy Group
New - 4 hours on RocketVideo tour
$2,908 Closing Credit¹
#2501130, Chassy Pollard, Listing Office: Pinnacle Realty LLC
New - 9 hours on RocketVideo tour
$3,978 Closing Credit¹
#2501129, Sandra Koshatka, Listing Office: Pinnacle Realty LLC
New - 9 hours on RocketVideo tour
$891 Closing Credit¹
#2501132, Bri Loeffler, Listing Office: Keller Williams Legacy Group
New - 9 hours on Rocket3D tour
$2,672 Closing Credit¹
#2501128, Rob Mccain, Listing Office: Urban Acres Real Estate Corridor
New - 10 hours on RocketVideo tour
$1,781 Closing Credit¹
#2501063, Ethan Graham, Listing Office: Keller Williams Legacy Group
New - 12 hours on RocketVideo tour
$2,611 Closing Credit¹
#2501105, Cory Barnard, Listing Office: SKOGMAN REALTY
New - 1 day on RocketVideo tour
$2,196 Closing Credit¹
#2501080, Alicia Porter, Listing Office: RE/MAX CONCEPTS
New - 1 day on Rocket
$6,531 Closing Credit¹
#2501083, Beth Brockette, Listing Office: RUHL & RUHL REALTORS®
New - 1 day on RocketVideo tour
$1,989 Closing Credit¹
#2501077, Alexis Kemp, Listing Office: RE/MAX CONCEPTS
New - 2 days on RocketVideo tour
$3,324 Closing Credit¹
#2501072, Matt Smith, Listing Office: RE/MAX CONCEPTS
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 02/01/2023 - 02/01/2025
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: 2/21/2025, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.