Iowa City, IA metro area Housing Market
Cool 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: March 2026
Median Sale Price
$309K
↓ 2.3% YoY
Days on Market
74 days
↑ 51.0% YoY
Active Inventory
696
↓ 11.9% YoY
Homes Sold
184
↑ 0.5% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Iowa City, IA metro area Market Summary
The Iowa City, IA metro area housing market is cooling down. As of March 2026, the median home sale price is $309K, down 2.3% year-over-year. Homes are spending a median of 74 days on the market, 51.0% longer than a year ago.
There are 696 homes for sale — 11.9% fewer than last year. With 3.8 months of supply, this is a seller's market. 359 new listings were added during this period, down 4.8% year-over-year.
Homes are selling for 98.4% of their list price on average, suggesting room for negotiation. 14.1% of homes sell above their asking price.
Market Opportunity Score
Based on current market conditions
65
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 29% below the national median, which could indicate stronger cash flow potential.
Iowa City, IA metro area Market Trends
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Detailed Market Metrics
Median List Price
$350K
Price per Sq Ft
$167
Sale-to-List Ratio
98.4%
Months of Supply
3.8
Sold Above List
14.1%
Price Drops
N/A
New Listings
359
↓ 4.8% YoY
Pending Sales
301
Off Market in 2 Weeks
43.5%
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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.