Iowa Housing Market
Cool MarketHousing market data and trends for Iowa. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$251K
↑ 5.2% YoY
Days on Market
72 days
↑ 28.6% YoY
Active Inventory
8,819
↓ 1.1% YoY
Homes Sold
2,932
↑ 4.6% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Iowa Market Summary
The Iowa housing market is cooling down. As of March 2026, the median home sale price is $251K, up 5.2% year-over-year. Homes are spending a median of 72 days on the market, 28.6% longer than a year ago.
There are 8,819 homes for sale — 1.1% fewer than last year. With 3.0 months of supply, this is a seller's market. 4,142 new listings were added during this period, up 4.7% year-over-year.
Homes are selling for 97.6% of their list price on average, suggesting room for negotiation. 19.1% of homes sell above their asking price. 24.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 42% below the national median, which could indicate stronger cash flow potential.
Iowa Market Trends
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Detailed Market Metrics
Median List Price
$270K
Price per Sq Ft
$161
Sale-to-List Ratio
97.6%
Months of Supply
3.0
Sold Above List
19.1%
Price Drops
24.5%
New Listings
4,142
↑ 4.7% YoY
Pending Sales
3,915
Metro Areas in Iowa
Des Moines, IA metro area
$315K median
89 days
on market
Davenport, IA metro area
$206K median
35 days
on market
Cedar Rapids, IA metro area
$240K median
65 days
on market
Iowa City, IA metro area
$309K median
74 days
on market
Waterloo, IA metro area
$201K median
52 days
on market
Sioux City, IA metro area
$231K median
41 days
on market
Ames, IA metro area
$273K median
58 days
on market
Dubuque, IA metro area
$280K median
41 days
on market
Burlington, IA metro area
$140K median
83 days
on market
Mason City, IA metro area
$172K median
97 days
on market
Clinton, IA metro area
$178K median
93 days
on market
Fort Madison, IA metro area
$147K median
125 days
on market
Marshalltown, IA metro area
$165K median
56 days
on market
Pella, IA metro area
$318K median
49 days
on market
Muscatine, IA metro area
$168K median
19 days
on market
Spirit Lake, IA metro area
$432K median
82 days
on market
Storm Lake, IA metro area
$150K median
84 days
on market
Ottumwa, IA metro area
$143K median
94 days
on market
Spencer, IA metro area
$189K median
102 days
on market
Carroll, IA metro area
$205K median
61 days
on market
Fairfield, IA metro area
$198K median
88 days
on market
Oskaloosa, IA metro area
$148K median
67 days
on market
Fort Dodge, IA metro area
$53K median
241 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.