Is Cedar Rapids, IA 52402 a buyer’s or seller’s market?

The Cedar Rapids housing market right now

In the three months ending August 31, 2026, 43% of homes in Cedar Rapids, IA 52402 sold above their list price, the typical home went under contract in 6 days and there were 0.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 210 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 28%, homes sold faster (9 days then) and the median sale price rose 7% to $216,906. Overall, Cedar Rapids is more competitive than a year ago, so tougher for buyers.

Within Linn County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Cedar Rapids ranks #3 of 156 IA ZIP codes with enough sales (score 88 out of 100).

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.