The Cedar Rapids housing market is somewhat competitive. The median sale price of a home in Cedar Rapids was $183K last month, up 1.7% since last year. The median sale price per square foot in Cedar Rapids is $127, up 8.5% since last year.
What is the housing market like in Cedar Rapids today?
In March 2024, Cedar Rapids home prices were up 1.7% compared to last year, selling for a median price of $183K. On average, homes in Cedar Rapids sell after 31 days on the market compared to 21 days last year. There were 149 homes sold in March this year, down from 170 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$182,500
+1.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cedar Rapids, IA
$182,500
+1.7%
United States
To compare other locations to the Cedar Rapids and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Cedar Rapids's median sale price is 55% lower than the national average. Overall cost of living in Cedar Rapids is 10% lower than the national average. Learn which home features in Cedar Rapids add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Cedar Rapids housing market?
Cedar Rapids is somewhat competitive. Homes sell in 19 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 19 days.
Hot homes
can sell for around list price and go pending in around 3 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Westfield Elementary School
Public • K-4
561
Students
1 reviews
8/10
Bowman Woods Elementary School
Public • PreK-4
519
Students
2 reviews
8/10
Indian Creek Elementary School
Public • K-4
573
Students
2 reviews
7/10
Viola Gibson Elementary School
Public • PreK-5
581
Students
4 reviews
7/10
Linn Grove Elementary School
Public • PreK-4
561
Students
3 reviews
Only showing 5 of
39 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cedar Rapids housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cedar Rapids.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cedar Rapids has a moderate risk of flooding. 3,935 properties in Cedar Rapids are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Cedar Rapids. Flood risk is increasing slower than the national average.
29% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cedar Rapids has a moderate risk of wildfire. There are 14,163 properties in Cedar Rapids that have some risk of being affected by wildfire over the next 30 years. This represents 29% of all properties in Cedar Rapids.
Cedar Rapids has minimal risk of severe winds over the next 30 years
Wind Factor
Cedar Rapids has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.