What is the typical home value in Cedar Rapids - IA?

The typical home in Cedar Rapids - IA, IA is worth $236,652 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +3.4%.

How long do homes stay on the market in Cedar Rapids - IA?

The median days to pending (time on market before a sale) in Cedar Rapids - IA is currently 31 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Cedar Rapids - IA?

18.1% of active listings in Cedar Rapids - IA have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is Cedar Rapids - IA a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Cedar Rapids - IA is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

IA · Metro #179

Cedar Rapids - IA housing market

Current home values, days on market, and price-cut activity for the Cedar Rapids - IA metro. Data refreshed from Zillow Research monthly.

Typical home value

$236,652

+3.4% vs. year ago

Median list price

$231,600

Days on market

31.0d

Listings w/ price cut

18.1%

Context

How to read this data

The typical home value ($236,652) is the Zillow Home Value Index for the Cedar Rapids - IA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.4% over the past year. In Cedar Rapids - IA, that means a home worth $228,870 last year is now worth roughly $236,652.

Homes listed in Cedar Rapids - IA sit on the market for roughly 31.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.