The Iowa City housing market is not very competitive. The median sale price of a home in Iowa City was $276K last month, down 8.0% since last year. The median sale price per square foot in Iowa City is $175, up 10.8% since last year.
What is the housing market like in Iowa City today?
In March 2024, Iowa City home prices were down 8.0% compared to last year, selling for a median price of $276K. On average, homes in Iowa City sell after 35 days on the market compared to 56 days last year. There were 47 homes sold in March this year, down from 60 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$276,000
-8.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Iowa City, IA
$276,000
-8.0%
United States
To compare other locations to the Iowa City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Iowa City's median sale price is 29% lower than the national average. Overall cost of living in Iowa City is 7% lower than the national average. Learn which home features in Iowa City 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 Iowa City housing market?
Iowa City is not very competitive. Homes sell in 41 days.
0
100
25
Not Very 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
Multiple offers are rare.
The average homes sell for about 1% below list price and go pending in around 41 days.
Hot homes
can sell for around list price and go pending in around 23 days.
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 Iowa City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Iowa City.
Risk Factor
Flood Factor - Major
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Iowa City has a major risk of flooding. 1,599 properties in Iowa City are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Iowa City. Flood risk is increasing slower than the national average.
30% of properties are at risk of wildfire over the next 30 years
Fire Factor
Iowa City has a moderate risk of wildfire. There are 5,558 properties in Iowa City that have some risk of being affected by wildfire over the next 30 years. This represents 30% of all properties in Iowa City.