Is Iowa City, IA 52246 a buyer’s or seller’s market?

The Iowa City housing market right now

In the three months ending August 31, 2026, 21% of homes in Iowa City, IA 52246 sold above their list price, the typical home went under contract in 27 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 120 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold faster (46 days then) and the median sale price fell 13% to $324,859. Overall, Iowa City is less competitive than a year ago, which gives buyers more room.

Within Johnson County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Iowa City ranks #46 of 156 IA ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Oxford 52322 (0% sold over asking) or Hills 52235 (0% sold over asking), while Tiffin 52340 (30% sold over asking) and Coralville 52241 (26% sold over asking) are even more competitive.