Is Cedar Rapids, IA 52401 a buyer’s or seller’s market?

The Cedar Rapids housing market right now

In the three months ending August 31, 2026, 14% of homes in Cedar Rapids, IA 52401 sold above their list price, the typical home went under contract in 11 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (34 days then) and the median sale price rose 90% to $199,913. Overall, Cedar Rapids is more competitive than a year ago, so tougher for buyers.

Within Linn County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in 89%.

Nearby, buyers who want less competition could look at Toddville 52341 (0% sold over asking) or Ely 52227 (11% sold over asking), while Coggon 52218 (75% sold over asking) and Central City 52214 (67% sold over asking) are even more competitive.