Home sales in Iowa City in 2015 were up just 1% compared to 2014. 1024 homes sold in Iowa City in 2015 compared to 1009 in 2014. That will probably surprise a lot of you reading this, who expect more in what is touted as a “seller’s market.” If that number doesn’t inspire you, the fact that both the median and average price of homes were up in Iowa City in 2015 will!
As is typical in Iowa City, the largest number of homes sold in the summer months. The other thing to note on the chart is the strong home sales in the first quarter when the number of homes sold in Iowa City was up 37%. This is a trend I’ve noticed in the past few years, since I started my own company and got more active listing houses. The early bird catches the worm in Iowa City. Sellers who list their homes earlier in the year typically don’t have to fret about their houses sitting on the market too long. The “Spring” market starts early in Iowa City!
Home Sales in Iowa City
January 1 through December 31, 2015
Highlights of the 2015 Review of Home Sales and Home Prices in Iowa City
- Number of homes sold in Iowa City up 1% in 2015 compared to 2014 – 1024 homes sold January – December 2015 compared to 1009 in 2014
- 1st Quarter strongest quarter for home sales in Iowa City – Up 37% from January through March – 142 homes sold January – March 2015 compared to 104 homes sold in 2014
- Average Price for homes in Iowa City Up 5% in 2015 – $240,551 Average price in 2015 compared to $229,394 in 2014
- Median Price for homes in Iowa City Up 4% in 2015 – $205,500 median price in 2015 compared to $198,000 in 2014
Check back for updates to see how the Iowa City real estate market continues to do through 2015.
Got a house, condo or zero lot to sell in Iowa City? Give Denise a call at 319-400-0268 for personal, effective real estate services with a hi-tech advantage. A successful real estate transaction has nothing to do with chance or luck – Every SOLD Sign starts with a plan! Call Denise today for solid advice and guidance on how to get your home from listing to sold with the minimum amount of fuss.
Looking to buy a home in Iowa City? Hiring a (good) Buyer’s Agent will be your first step to ensuring yours is a smooth and easy real estate transaction. Call Denise today for a smooth and easy buying experience with an agent who will always have your back – When you’re doing something as important as buying a house you really can’t put a price on peace of mind!
Data for this market report pulled from the Iowa City MLS January 15, 2015