Iowa City, IA metro area Housing Market
Cold MarketComprehensive housing market data for the Iowa City, IA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$320K
↑ 1.9% YoY
Days on Market
65 days
↑ 6.6% YoY
Active Inventory
624
↑ 4.2% YoY
Homes Sold
101
↓ 19.8% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Iowa City, IA metro area Market Summary
The Iowa City, IA metro area housing market is cooling down. As of January 2026, the median home sale price is $320K, up 1.9% year-over-year. Homes are spending a median of 65 days on the market, 6.6% longer than a year ago.
There are 624 homes for sale — 4.2% more than last year. With 6.2 months of supply, this is a buyer's market. 310 new listings were added during this period, up 47.6% year-over-year.
Homes are selling for 97.9% of their list price on average, suggesting room for negotiation. 14.8% of homes sell above their asking price. 10.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
77
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. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 24% below the national median, which could indicate stronger cash flow potential.
Iowa City, IA metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$310K
Price per Sq Ft
$171
Sale-to-List Ratio
97.9%
Months of Supply
6.2
Sold Above List
14.8%
Price Drops
10.1%
New Listings
310
↑ 47.6% YoY
Pending Sales
115
Off Market in 2 Weeks
27.0%
Other Markets in Iowa
Des Moines, IA metro area
$295K · 68d on market
Davenport, IA metro area
$193K · 44d on market
Cedar Rapids, IA metro area
$221K · 55d on market
Waterloo, IA metro area
$171K · 34d on market
Sioux City, IA metro area
$223K · 41d on market
Ames, IA metro area
$282K · 56d on market
Dubuque, IA metro area
$254K · 49d on market
Fort Madison, IA metro area
$105K · 102d on market
Analyze a deal in Iowa City, 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.