It was another solid year for the Iowa housing market. Home sales and median home values were trending up in 2017 according to the official housing trends released by the Iowa Association of REALTORS®. Home sales grew by 3.2% in 2017 with 44,023 homes sold compared to 42,671 in 2016.
Home Values in Iowa
The median home sale price was 4.2% higher than last year. The median sale price was $153,000 in 2017, while the median price was $146,900 in 2016. Homes sold faster in 2017 with an average of 76 days on market compared to 80 days on market in 2016.
“2017 was a good year for real estate. 14 of our 17 regional boards and MLS’s sold more homes in 2017 than in 2016. We are excited about the new First-Time Homebuyer Savings Account in our state. Future homebuyers or relatives can now open a bank account to save money for their first Iowa home. You can learn more at iowafirsthome.com or ask a local Realtor or banker,” stated Mark Kamps, 2018 President of the Iowa Association of REALTORS®.
“If you are interested in your area of the state, reach out to a local Realtor for the best information on your local real estate market. Remember, all real estate is local,” stated Mark Kamps.
Additionally, Iowa received a lot of love from national media in 2017. The Iowa housing market is boosted by this great recognition! Read or print the full 2017 Iowa Housing Trends Report.
National Recognition Highlights Regarding Iowa’s Housing Market
More About Our Iowa Housing Trends Reports and the Iowa Association of Realtors®
The information used to create the IAR 2017 Housing Trends Report was current as of January 24 at 3:00 p.m. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is updated hourly based on information present in local participating MLS (multiple listing service) systems.
The term Realtor® is a registered trademark, which identifies real estate professionals who follow a strict Code of Ethics as members of the National Association of Realtors®.
The Iowa Association of Realtors® is the state’s largest real estate professional organization representing over 7,200 members and affiliates. The IAR releases an Iowa Housing Trends Report each month containing information about home values in Iowa and more about the Iowa housing market. Data is collected from local Realtor® boards through their multiple listing service (MLS), which tracks sales activities in the board area. Reports are available online to IAR members and affiliates with a login and password. Anyone is eligible to become an IAR affiliate. Learn how to become a member today!
For questions, please contact Mark Gavin, Director of Communications at the Iowa Association of REALTORS®. Mark@iowarealtors.com - 515-309-9345.
*Sources: Iowa Economic Development Authority