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Featured local agent — Cedar Rapids, IA
Sarah Mitchell
Compass Real Estate · Cedar Rapids, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cedar Rapids, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$198,750median sale price
How is the Cedar Rapids, IA housing market right now?
The median home sale price in Cedar Rapids, IA is $198,750, down 7.6% year-over-year. Homes sell in an average of 15 days with 189 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cedar Rapids a buyer's or seller's market?
Cedar Rapids, IA is currently a seller's market, based on 1.0 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
197
Last 12 weeks
Days on market
15
Fast-moving
Active listings
189
1.0 months supply
Sale-to-list
99.8%
Below asking
What does the Cedar Rapids housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $198,750 |
| Median list price | $226,000 |
| Year-over-year price change | -7.6% |
| Average days on market | 15 days |
| Active inventory | 189 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 197 |
| New listings (latest month) | 202 |
| Listings with a price cut | 28.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cedar Rapids by property type?
How the Cedar Rapids, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $203,500 | $141/sq ft | 156 | 12 days |
| Condo / Co-op | $165,000 | $125/sq ft | 37 | 24 days |
| Townhouse | $155,000 | $114/sq ft | 1 | 37 days |
Source: Redfin · Updated monthly
The Cedar Rapids housing market is currently classified as a seller's market with a median sale price of $198,750. Prices have fallen 7.6% compared to last year, with homes spending an average of 15 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Cedar Rapids
There are currently 189 homes listed for sale in Cedar Rapids, Iowa. The median listing price is $226K.
Active listings
189
Homes on market
Median list price
$226K
Avg. days on market
15
Days until sale
New this week
202
Newly listed
Who lives in Cedar Rapids?
Population
136,859
Median income
$67,859/yr
Median age
36.9 years
Owner-occupied
68.2%
College grads
32.9%
Avg commute
18.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Cedar Rapids?
Zillow home value
$215,210
Zillow rent index
$1,288/mo
Price-to-rent ratio
13.9x
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Cedar Rapids?
Cedar Rapids is a community of approximately 137K residents with a median age of 36.9 years.The median household income is $67,859, which represents a working-class community with solid middle-income opportunities. 32.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cedar Rapids offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cedar Rapids?
42 schools tracked · 20,771 students
The largest public schools serving Cedar Rapids, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
John F Kennedy High School
Grades 9-12 · 1,719 students
Thomas Jefferson High School
Grades 9-12 · 1,575 students
Prairie Point
Grades 7-9 · 1,306 students
Prairie High School
Grades 10-12 · 1,271 students
George Washington High School
Grades 9-12 · 1,233 students
Prairie Creek
Grades 5-6 · 820 students
Harding Middle School
Grades 6-8 · 695 students
Taft Middle School
Grades 6-8 · 596 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cedar Rapids, IA?
Want a head-to-head view? Compare Cedar Rapids side-by-side with any other U.S. city using our market-comparison tool.
Is Cedar Rapids a good real estate investment market?
For investors evaluating Cedar Rapids, the price-to-rent ratio of 13.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 7.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cedar Rapids's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cedar Rapids's median home price.
Frequently asked questions
What is the average home price in Cedar Rapids?
The median home sale price in Cedar Rapids is $198,750, down 7.6% from last year.
How long do homes stay on market in Cedar Rapids?
Homes typically spend 15 days on market before going under contract.
What is the median income in Cedar Rapids?
The median household income is $67,859 per year.
Is Cedar Rapids a buyer's or seller's market?
With 1.0 months of supply, Cedar Rapids is currently a seller's market.
What is the Zillow home value estimate for Cedar Rapids?
The Zillow Home Value Index (ZHVI) for Cedar Rapids is $215,210, representing the typical home value in the area.
What is the median condo price in Cedar Rapids?
The median condo/co-op sale price in Cedar Rapids, IA is $165,000, compared to $203,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cedar Rapids?
The median single-family home price in Cedar Rapids, IA is $203,500 (about $141 per square foot).
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