Cedar Rapids Market Report
$567,614
AVERAGE PRICE OF 788 HOMES$95,319
AVERAGE PRICE OF 7 DISTRESSED HOMES$3,624,412
AVERAGE PRICE OF 70 MULTI-MILLION DOLLAR HOMES$390,277
AVERAGE PRICE OF 128 NEWLY BUILT HOMES$505,800
AVERAGE PRICE OF 9 HOMES WITH A POOL$233,802
AVERAGE PRICE OF 19 REDUCED PRICE HOMESAverage Home
| Average Price | $567,614 |
| Avg Bedrooms | 2.05 beds |
| Avg Bathrooms | 1.48 baths |
Average Price by Bedrooms
| 1 bedroom | $115,871 |
| 2 bedrooms | $211,306 |
| 3 bedrooms | $240,211 |
| 4 bedrooms | $315,067 |
| 5 bedrooms | $455,846 |
Cedar Rapids Home Price Trends
| 11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
|---|---|---|---|---|---|
| Total Listings | 829 | 846 | 861 | 863 | 810 |
| Average Price | $566,129 | $555,646 | $543,142 | $512,670 | $496,196 |
| Avg Price Change | +1.89% | +2.30% | +5.94% | +3.32% | -0.59% |
| Median Price | $230,143 | $230,235 | $235,803 | $231,556 | $231,948 |
| Med Price Change | -0.04% | -2.42% | +1.83% | -0.17% | -1.79% |
| Avg Bedrooms | 2.05 beds | 2.04 beds | 2.07 beds | 2.07 beds | 2.06 beds |
| Avg Bathrooms | 1.49 baths | 1.48 baths | 1.47 baths | 1.47 baths | 1.5 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| College Comm | 114 | $492,742 | 212 days |
| Jefferson | 145 | $272,333 | 73 days |
| Kennedy | 166 | $308,183 | 154 days |
| Linn Mar | 52 | $273,063 | 141 days |
| Washington | 178 | $250,179 | 69 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 788 | $567,614 | 178 days |
| Distressed Homes | 7 | $95,319 | 37 days |
| Multi-Million Dollar Homes | 70 | $3,624,412 | 349 days |
| Newly Built Homes | 128 | $390,277 | 118 days |
| Homes with a Pool | 9 | $505,800 | 33 days |
| Reduced Price Homes | 19 | $233,802 | 49 days |
