New - 5 hours on Rocket
$1,663 Closing Credit¹
Jeysha Cruz Suarez, Listing Office: COLDWELL BANKER HEDGES
Cedar Rapids Housing Market Report December 2024•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 December 2023
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
$199,571$128/SqFt
+$14,356
+7.8%
Based on all homes sold in the last 12 months
Insight
Homes in Cedar Rapids have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Cedar Rapids was $199,571 in December 2024, up 7.8% from last year, and the median price per square foot was $128.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Marion Township | $250.5K | $280.1K | +11.8% |
| Cedar Rapids | $185.2K | $199.5K | +7.8% |
| Monroe Township | $312.5K | $335K | +7.2% |
| Clinton Township | $124.3K | $132.7K | +6.8% |
| Hiawatha | $321K | $245K | -23.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $89.9K | $108K | +20.1% |
| 22 Bedrooms | $132.5K | $140K | +5.7% |
| 33 Bedrooms | $185K | $199.8K | +8.0% |
| 44 Bedrooms | $269.6K | $274.6K | +1.9% |
| 55+ Bedrooms | $390K | $376.9K | -3.3% |
Summary: Cedar Rapids housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +20.1%. The home price for 2 bedroom homes increased by +5.7%. The home price for 3 bedroom homes increased by +8.0%. The home price for 4 bedroom homes increased by +1.9%. The home price for 5 bedroom homes decreased by -3.3%.
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 |
|---|---|---|
| 555Last MonthDec 2024 | ||
| 6622 months agoNov 2024 | -16.2 % Change MoMNov – Dec |
Summary: The Cedar Rapids real estate market had 555 homes for sale in Dec 2024, a 16.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 165Last MonthDec 2024 | ||
| 1682 months agoNov 2024 | -1.8 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 5 | -16.7% |
| 22 Bedrooms | 170 | 140 | -17.6% |
| 33 Bedrooms | 284 | 238 | -16.2% |
| 44 Bedrooms | 164 | 135 | -17.7% |
| 55+ Bedrooms | 38 | 37 | -2.6% |
Summary: Cedar Rapids housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.7%. The inventory for 2 bedroom homes decreased by -17.6%. The inventory for 3 bedroom homes decreased by -16.2%. The inventory for 4 bedroom homes decreased by -17.7%. The inventory for 5 bedroom homes decreased by -2.6%.
Asking Price vs. Sold Price
How much do homes in Cedar Rapids, IA cost?
Over Asking Price32 Homes
At Asking Price31 Homes
Under Asking Price102 Homes
Insight
If you're buying a home in Cedar Rapids, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 165 homes were sold or pending in Cedar Rapids in December 2024, down by 1.8% month-over-month. Of the 165 sold homes, 62% were sold under asking, 19% were sold at asking, and and 19% 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 Days100 Homes
30 – 90 Days49 Homes
Over 90 Days14 Homes
Insight
Many homes in Cedar Rapids are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 165 homes were sold in Cedar Rapids; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 32 DaysThis YearDec 2024 | ||
| 28 Days1 year agoDec 2023 | +11.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Cedar Rapids had an average listing age of 32 days in Dec 2024, up by 11.5% compared to the previous year.
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Newest Listings in Cedar Rapids, IA
What homes are available in Cedar Rapids, IA?
New - 5 hours on RocketVideo tour
$2,108 Closing Credit¹
Lucas Burrington, Listing Office: Burrington Real Estate
New - 6 hours on Rocket
$3,859 Closing Credit¹
Jesse Grade, Listing Office: SKOGMAN REALTY CORRIDOR
New - 6 hours on RocketVideo tour
$1,473 Closing Credit¹
Seth Wennermark, Listing Office: Pinnacle Realty LLC
New - 6 hours on RocketVideo tour
$1,413 Closing Credit¹
Ross Nusser, Listing Office: Urban Acres Real Estate Corridor
New - 7 hours on RocketVideo tour
$1,663 Closing Credit¹
Paul Canas, Listing Office: Pinnacle Realty LLC
New - 9 hours on Rocket
$2,541 Closing Credit¹
Michelle Erickson, Listing Office: Century 21 Signature Real Estate
New - 9 hours on Rocket
$1,045 Closing Credit¹
Amy Bishop, Listing Office: RE/MAX CONCEPTS
New - 9 hours on RocketVideo tour
$2,138 Closing Credit¹
Matt Ford, Listing Office: SKOGMAN REALTY
New - 11 hours on Rocket
$1,894 Closing Credit¹
Daniel Baty, Listing Office: COLDWELL BANKER HEDGES
New - 12 hours on RocketVideo tour
$1,544 Closing Credit¹
Brandon Moore, Listing Office: Burrington Real Estate
New - 14 hours on RocketVideo tour
$1,483 Closing Credit¹
Rhyse Pelley, Listing Office: Twenty40 Real Estate + Development
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 01/01/2023 - 01/01/2025
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: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.