Cedar Rapids Market Report
$503,835
AVERAGE PRICE OF 837 HOMES$112,500
AVERAGE PRICE OF 4 DISTRESSED HOMES$3,436,668
AVERAGE PRICE OF 61 MULTI-MILLION DOLLAR HOMES$409,878
AVERAGE PRICE OF 136 NEWLY BUILT HOMES$318,133
AVERAGE PRICE OF 9 HOMES WITH A POOL$362,575
AVERAGE PRICE OF 16 REDUCED PRICE HOMESAverage Home
| Average Price | $503,835 |
| Avg Bedrooms | 2 beds |
| Avg Bathrooms | 1.45 baths |
Average Price by Bedrooms
| 1 bedroom | $93,345 |
| 2 bedrooms | $228,939 |
| 3 bedrooms | $239,329 |
| 4 bedrooms | $332,408 |
| 5 bedrooms | $486,222 |
Cedar Rapids Home Price Trends
| 5/2023 | 4/2023 | 3/2023 | 2/2023 | 1/2023 | |
|---|---|---|---|---|---|
| Total Listings | 813 | 798 | 795 | 799 | 775 |
| Average Price | $517,704 | $533,239 | $450,380 | $418,314 | $421,219 |
| Avg Price Change | -3.00% | +18.40% | +7.67% | -0.69% | -3.56% |
| Median Price | $237,015 | $223,700 | $201,129 | $194,448 | $191,693 |
| Med Price Change | +5.95% | +11.22% | +3.44% | +1.44% | -1.32% |
| Avg Bedrooms | 1.96 beds | 1.93 beds | 1.87 beds | 15.6 beds | 1.86 beds |
| Avg Bathrooms | 1.42 baths | 1.39 baths | 1.38 baths | 1.34 baths | 1.31 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| College Comm | 134 | $396,700 | 261 days |
| Jefferson | 161 | $208,056 | 99 days |
| Kennedy | 147 | $325,696 | 159 days |
| Linn Mar | 49 | $322,985 | 205 days |
| Washington | 212 | $258,194 | 86 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 837 | $503,835 | 188 days |
| Distressed Homes | 4 | $112,500 | 305 days |
| Multi-Million Dollar Homes | 61 | $3,436,668 | 339 days |
| Newly Built Homes | 136 | $409,878 | 150 days |
| Homes with a Pool | 9 | $318,133 | 35 days |
| Reduced Price Homes | 16 | $362,575 | 160 days |
