Cedar Rapids, IA metro area Housing Market
Cool MarketComprehensive housing market data for the Cedar Rapids, IA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$240K
↑ 15.1% YoY
Days on Market
65 days
↑ 54.8% YoY
Active Inventory
518
↓ 23.7% YoY
Homes Sold
319
↑ 0.9% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Cedar Rapids, IA metro area Market Summary
The Cedar Rapids, IA metro area housing market is cooling down. As of March 2026, the median home sale price is $240K, up 15.1% year-over-year. Homes are spending a median of 65 days on the market, 54.8% longer than a year ago.
There are 518 homes for sale — 23.7% fewer than last year. With 1.6 months of supply, this is a seller's market. 374 new listings were added during this period, down 6.0% year-over-year.
Homes are selling for 98.8% of their list price on average, suggesting room for negotiation. 24.4% of homes sell above their asking price.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Iowa Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 45% below the national median, which could indicate stronger cash flow potential.
Cedar Rapids, IA metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$250K
Price per Sq Ft
$135
Sale-to-List Ratio
98.8%
Months of Supply
1.6
Sold Above List
24.4%
Price Drops
N/A
New Listings
374
↓ 6.0% YoY
Pending Sales
368
Off Market in 2 Weeks
44.8%
Other Markets in Iowa
Des Moines, IA metro area
$315K · 89d on market
Davenport, IA metro area
$206K · 35d on market
Iowa City, IA metro area
$309K · 74d on market
Waterloo, IA metro area
$201K · 52d on market
Sioux City, IA metro area
$231K · 41d on market
Ames, IA metro area
$273K · 58d on market
Dubuque, IA metro area
$280K · 41d on market
Burlington, IA metro area
$140K · 83d on market
Analyze a deal in Cedar Rapids, IA metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
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.