Is Cedar Rapids, IA 52499 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cedar Rapids is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list99.9%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market120Listing to accepted offer
Median price per sq ft$147▼ −11.3% vs. last year

The Cedar Rapids housing market right now

In the three months ending August 31, 2026, 100% of homes in Cedar Rapids, IA 52499 sold above their list price and the typical home went under contract in 120 days. With only 1 sale, 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 more slowly (42 days then) and the median sale price rose 35% to $599,740. Overall, Cedar Rapids is more competitive than a year ago, so tougher for buyers.

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Where Cedar Rapids is

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Questions about Cedar Rapids real estate

How fast do homes sell in Cedar Rapids?

The typical home went under contract in 120 days in the latest three months.

Do homes in Cedar Rapids sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What is the median home price in Cedar Rapids?

The median sale price was $599,740 in the three months ending August 31, 2026, about $147 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology