Cedar Rapids, IA
Housing Market
Cedar Rapids' housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Cedar Rapids' supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
Overview
Supply
Demand
Buy or SellCedar Rapids Housing Market Overview
The Cedar Rapids housing market shows rapid growth. Home values have increased by 1.4% over the past year, with the median price now at $182,320. Homes typically sell within 33 days after being listed. This month, 193 homes were sold---a 23.7% jump from the same time last year. Sales activity is high, and prices remain stable.
Cedar Rapids' real estate market offers a mix of riverside homes, historic neighborhoods, and quiet suburban areas. The city is known for its affordability and solid long-term value. Demand has stayed strong due to the city's charm, livability, and steady home appreciation. With views of the Cedar River, plenty of parks and cultural spots, Cedar Rapids is a great place for families and young professionals alike.
Cedar Rapids' real estate market offers a mix of riverside homes, historic neighborhoods, and quiet suburban areas. The city is known for its affordability and solid long-term value. Demand has stayed strong due to the city's charm, livability, and steady home appreciation. With views of the Cedar River, plenty of parks and cultural spots, Cedar Rapids is a great place for families and young professionals alike.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Cedar Rapids
Cedar Rapids Housing Supply
Strong rental returns in Cedar Rapids appeal to property investors, while steady job growth and a solid manufacturing base bring in primary buyers. Right now, there are 235 homes for sale in Cedar Rapids---up 4% from last year. This includes 209 new listings, which is an 11.2% increase year-over-year. Despite the rise in inventory, demand is still high. With only 1.2 months of housing supply, the market remains highly competitive.
Like others, the Cedar Rapids, IA, housing market sees the most activity in spring and summer. Sellers list homes during these months, and buyers aim to close before the holiday season. The city offers a variety of neighborhoods to fit different needs. Well-known spots like Czech Village, Wellington Heights, and the northeast suburbs remain popular even as prices rise. With limited supply and high demand, buyers should be ready to act fast.
Like others, the Cedar Rapids, IA, housing market sees the most activity in spring and summer. Sellers list homes during these months, and buyers aim to close before the holiday season. The city offers a variety of neighborhoods to fit different needs. Well-known spots like Czech Village, Wellington Heights, and the northeast suburbs remain popular even as prices rise. With limited supply and high demand, buyers should be ready to act fast.
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Cedar Rapids
Cedar Rapids Housing Demand
The Cedar Rapids real estate market is balanced, with 22.8% of homes selling above asking price---a slight increase from last year. At the same time, 40% of sellers accept offers below their list price. The average sale-to-list price ratio is 97.9%, which indicates some room for negotiation for buyers.
If you're selling in Cedar Rapids, price your home carefully to attract serious buyers. Expect some negotiation and set realistic expectations. Listing on the Iowa MLS can boost your property's visibility. Meanwhile, buyers should act fast in this low-inventory market. Be prepared for competition on well-priced homes, and consider properties that have been on the market longer for better deals.
If you're selling in Cedar Rapids, price your home carefully to attract serious buyers. Expect some negotiation and set realistic expectations. Listing on the Iowa MLS can boost your property's visibility. Meanwhile, buyers should act fast in this low-inventory market. Be prepared for competition on well-priced homes, and consider properties that have been on the market longer for better deals.
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Cedar Rapids
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Cedar Rapids Housing Market: When to Buy or Sell?
The Cedar Rapids real estate market shifts with the seasons, just like the Iowa housing market. It creates opportunities for both buyers and sellers. Spring sees the most buyer activity, while fall often brings a market slowdown as winter approaches.
Similar trends appear across the state and US housing markets, but Cedar Rapids stands out with its extremely limited 1.2-month supply. This gives sellers a strong edge in negotiations. Despite modest price growth, buyers face stiff competition and limited options. Understanding these patterns can help you time your move and navigate the market effectively.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Search by Top Cities in Iowa
Frequently Asked Questions
How have Cedar Rapids house prices changed over the past year?
Cedar Rapids' median home price has increased by 1.4% over the past year, and currently stands at $182,320. You can estimate your home's value with an online home value estimator. It also lets you compare the value with nearby homes.
What are Cedar Rapids real estate market predictions for 2025?
Cedar Rapids home prices will likely continue their steady upward trajectory in the coming months. Demand should remain strong with limited available inventory. However, rising mortgage rates may slow down the appreciation speed.
What's the average home price in Cedar Rapids?
Cedar Rapids home prices vary by neighborhood and property features. They range from $167,500 for condos to $195,500 for single-family homes. For budget-conscious homebuyers, you can explore cheap homes for sale in Cedar Rapids.
Is this a good time to buy a home in Cedar Rapids, IA?
Make sure to check the current trends in housing prices and inventory in your city. Currently, buyers face extremely limited selection and strong competition. For those seeking affordable homeownership in a stable market, Cedar Rapids still offers compelling opportunities.
How is the housing market right now in Cedar Rapids?
Cedar Rapids demonstrates sales growth with modest price appreciation. Properties sell quickly, typically within 33 days of listing. Before buying or selling in Cedar Rapids, review the city's housing market trends for optimal timing.
When will the Cedar Rapids housing market crash?
A housing market crash in Cedar Rapids appears highly unlikely in the foreseeable future. The modest price growth, extremely limited inventory, and the area's continuing economic stability support sustainable conditions. The market will likely experience continued steady growth.
How to buy a home in Cedar Rapids?
The steps to purchasing a house in Cedar Rapids must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Cedar Rapids, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Cedar Rapids, IA?
You can list your home for sale with a Flat Fee MLS Iowa listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Cedar Rapids?
The average mortgage rate for buyers fluctuates between 6.15% and 6.78%. It depends on the market and the borrower's credit score. Always check current rates with lenders before you apply for a loan.
What is the cost of living in Cedar Rapids, Iowa?
The cost of living in Cedar Rapids index is 18.2% below the national average. Housing is remarkably accessible for most residents; the typical home costs around $182,320. Food and transportation expenses stay well below the US median. These factors attract families, young professionals, and retirees who seek value.
Important Legal Disclosures