Is Linn County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Linn County has remained a Seller's Market.
Housing Prices in Linn County, IA
How much do homes in Linn County, IA cost?
Median Sold Price
$209,401
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Linn County was $209,401 in April 2024, up 7.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $109.9K | +37.4% |
2 Bedrooms | $135K | $145K | +7.4% |
3 Bedrooms | $189.8K | $199.9K | +5.3% |
4 Bedrooms | $277.6K | $294.8K | +6.2% |
5+ Bedrooms | $430K | $436.3K | +1.5% |
Summary: Linn County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
Jones County | $160K | $180K | +12.5% |
Johnson County | $289.9K | $320K | +10.4% |
Linn County | $194.8K | $209.4K | +7.5% |
Benton County | $175K | $184K | +5.1% |
Cedar County | $168K | $175K | +4.2% |
Housing Supply in Linn County, IA
How many homes are available in Linn County, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
827 | 878 | +6.2% |
Summary: The Linn County real estate market had 878 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 155 | 165 | +6.5% |
3 Bedrooms | 375 | 399 | +6.4% |
4 Bedrooms | 195 | 209 | +7.2% |
5+ Bedrooms | 92 | 93 | +1.1% |
Summary: The Linn County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
213 | 209 | -1.9% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 209 homes were sold or pending in Linn County in April 2024, down by 1.9% month-over-month. Of the 209 sold homes, 43% were sold under asking, 31% were sold at asking, and 26% were sold over asking.
Days on Market for Linn County, IA
How long does it take to sell a home in Linn County, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 29 Days | -3.5% |
Summary: Homes in Linn County had an average of 29 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
146 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 209 homes were sold in Linn County; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.