Cedar Rapids - IA housing market
The Cedar Rapids metro has a typical home value of $244,344, up 3.6% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($244,344) is the Zillow Home Value Index for the Cedar Rapids - IA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.6% over the past year. In Cedar Rapids - IA, that means a home worth $235,853 last year is now worth roughly $244,344.
The median sale price , what homes actually close for , is $224,966. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.
Homes listed in Cedar Rapids - IA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.
About 17.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 375 new listings hit the market each month in Cedar Rapids - IA. There are currently 843 homes for sale, down 12.9% from a year ago.
The typical monthly rent in Cedar Rapids - IA is $1,234, up 11.4% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in IA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Des Moines - IA | $296,070 | +1.2% | 20.0d |