Here is your April Market in a Minute – a quick snapshot of today’s real estate market in both Cedar Rapids and Iowa City. In the Cedar Rapids metro market, we are seeing the average price hovering around $193,000 which up 7.8% from this time last year. The average number of days that a property is on the market is down to 47, which is down 20.3% from this time last year, and 25.4% from last month. There are 501 active listings in the Cedar Rapids Metro area, that is actually up 2.2% from this time last year.
In the Iowa City area, the average sale price is up 5.3% from last month, making it $276,000. Last month, there were 131 homes that were sold, which is up 42.4% from the previous month in the Iowa City Metro Area. If you have any questions about what this means to you, please don’t hesitate to call!