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Featured local agent — Iowa City, IA
Sarah Mitchell
Compass Real Estate · Iowa City, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Iowa City, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$323,000median sale price
How is the Iowa City, IA housing market right now?
The median home sale price in Iowa City, IA is $323,000, down 1.4% year-over-year. Homes sell in an average of 32 days with 193 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 Iowa City a buyer's or seller's market?
Iowa City, IA is currently a seller's market, based on 1.9 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
102
Last 12 weeks
Days on market
32
Average pace
Active listings
193
1.9 months supply
Sale-to-list
99.2%
Below asking
What does the Iowa City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $323,000 |
| Median list price | $325,000 |
| Year-over-year price change | -1.4% |
| Average days on market | 32 days |
| Active inventory | 193 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 102 |
| New listings (latest month) | 96 |
| Listings with a price cut | 19.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Iowa City by property type?
How the Iowa City, 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 | $370,000 | $182/sq ft | 73 | 26 days |
| Condo / Co-op | $250,000 | $166/sq ft | 26 | 59 days |
| Townhouse | $154,000 | $153/sq ft | 1 | 66 days |
Source: Redfin · Updated monthly
The Iowa City housing market is currently classified as a seller's market with a median sale price of $323,000. Prices have fallen 1.4% compared to last year, with homes spending an average of 32 days on market, indicating 1.9 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 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Iowa City
There are currently 193 homes listed for sale in Iowa City, Iowa. The median listing price is $325K.
Active listings
193
Homes on market
Median list price
$325K
Avg. days on market
32
Days until sale
New this week
96
Newly listed
Who lives in Iowa City?
Population
75,264
Median income
$57,533/yr
Median age
26.3 years
Owner-occupied
46.3%
College grads
60.7%
Avg commute
17.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Iowa City?
Zillow home value
$305,697
Zillow rent index
$1,308/mo
Price-to-rent ratio
19.5x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Iowa City?
Iowa City is a community of approximately 75K residents with a median age of 26.3 years.The median household income is $57,533, which represents a working-class community with solid middle-income opportunities. 60.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 46.3%, showing a blend of owner and renter-occupied properties. The average commute time is 17.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Iowa City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Iowa City?
17 schools tracked · 8,448 students
The largest public schools serving Iowa City, 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.
Iowa City High School
Grades 9-12 · 1,606 students
West Senior High School
Grades 9-12 · 1,472 students
Southeast Junior High School
Grades 7-8 · 853 students
Weber Elementary
Grades K-6 · 542 students
Herbert Hoover Elementary School
Grades PK-6 · 515 students
Ernest Horn Elementary School
Grades PK-6 · 430 students
Grant Wood Elementary School
Grades PK-6 · 391 students
Helen Lemme Elementary School
Grades PK-6 · 371 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 Iowa City, IA?
Want a head-to-head view? Compare Iowa City side-by-side with any other U.S. city using our market-comparison tool.
Is Iowa City a good real estate investment market?
For investors evaluating Iowa City, the price-to-rent ratio of 19.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.4% 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 Iowa City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Iowa City's median home price.
Frequently asked questions
What is the average home price in Iowa City?
The median home sale price in Iowa City is $323,000, down 1.4% from last year.
How long do homes stay on market in Iowa City?
Homes typically spend 32 days on market before going under contract.
What is the median income in Iowa City?
The median household income is $57,533 per year.
Is Iowa City a buyer's or seller's market?
With 1.9 months of supply, Iowa City is currently a seller's market.
What is the Zillow home value estimate for Iowa City?
The Zillow Home Value Index (ZHVI) for Iowa City is $305,697, representing the typical home value in the area.
What is the median condo price in Iowa City?
The median condo/co-op sale price in Iowa City, IA is $250,000, compared to $370,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Iowa City?
The median single-family home price in Iowa City, IA is $370,000 (about $182 per square foot).
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