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IOWA CITY, IA 52240

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 52240

Auburn East · Black Hills · Brickwood Knoll of River Heights · Brookewood Estates · Brookwood Pointe · Cherry Hills · Coralville West · Country Pines · County Center · Creekside · Creekside Commons · Deer Hill · Dovetail Estates · East Iowa City · Fair Meadows · Fairview Knoll · Forest Gate · Forest View · Furrows Edge · Glen Oaks · Harvest Estates · Heartland Plaza · Hidden Acres · Highland · Highland Heights · Highland Park · Highview Knoll · Hollywood Manor · Indian Lookout · Iowa City · Kennedy's Waterfront · Kirkwood · Lakeview Knoll · Liberty Village · Liberty's Gate · Linder Valley · Lyn-Den Heights · Mark Twain · Morse · Mount Prospect · Northwood Estates · Oak Hill · Oakdale Commons · Oakdale Heights · Oakdale Plaza · Oakdale Research Park · Oakridge · Oakridge Estates · Ollinger Heights · Orchard View Estates · Pepperwood · Picnic Point · Pigeon Timber · Pine Forest Estates · Pine Hill Estates · Pine Valley · Pleasant Meadows · Plum Grove Acres · Prairie Meadow · Prairie View Estates · Rapid Creek Ridge · Redwing Estates · River Heights · Riverview Estates · Rolling Hills Estates · Saddlebrook · Sand Lake · Sandhill Estates · Scott Boulevard East · Scott-Six · Silvercrest · South Pointe · Spring Valley · Squire Point · Stoney Pointe · Summit Hill · Terra Ridge · Terra Woods · The Meadows · The Stables · The Woods · Timber Trails Estates · Towncrest · Village Green · Villas at Liberty Executive Park · Welsh Village · West View Acres · Westcott Heights · Whispering Meadows · Whispering Ridge · Whitetail Valley · Woodland Heights · Woodland Hills · Woodland Valley Estates

Market Analysis

Data as of February 2026. Source: Realtor.com.

The IOWA CITY, IA real estate market (52240) currently shows 126 active listings, with 33 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 82 days on market compared to 35 days last year.

The median listing price has fallen 19.5% year-over-year, from $407,875 to $328,460.

Whether you are buying or selling in IOWA CITY, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,475  ·  Density: 99.1/mi²  ·  Median household income: $52,727

Typical home value: $223,230  ·  Homeownership: 50.3%

Market Overview

Active Listings
126
⇧ 21.2% vs 104 last year
Pending
33
26% pending ratio
Median Price
$328,460
⇩ 19.5% vs $407,875 last year
Average Price
$444,539
⇩ 7.3% vs $479,656 last year
Days on Market
82
⇧ 134.3% vs 35 days last year

Price Per Square Foot

Median $/sqft
$191
⇩ 8.6% vs $209/sqft last year
Median Home Size
1,701 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 126 this year vs 104 last year
  • Days on market: 82 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $328,460 (-19.5% YoY)
  • Average: $444,539 (-7.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 657 listings ($300,660,909 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
52240Iowa City, IA 522400.0 mi112$50,261,232$333,267$448,761
52235Hills, IA 522354.6 mi3$922,485$307,495$307,495
52241Coralville, IA 522416.8 mi159$70,601,088$329,900$444,032
52340Tiffin, IA 5234010.7 mi80$39,249,200$384,990$490,615
52317North Liberty, IA 5231711.3 mi167$71,262,240$399,900$426,720
52333Solon, IA 5233311.9 mi63$35,450,982$529,400$562,714
52247Kalona, IA 5224713.9 mi9$3,793,275$357,450$421,475
52338Swisher, IA 5233817.4 mi12$8,479,668$707,450$706,639
52227Ely, IA 5222718.6 mi15$8,164,935$328,000$544,329
52772Tipton, IA 5277220.2 mi26$8,518,354$270,000$327,629
52201Ainsworth, IA 5220120.8 mi4$1,099,600$274,900$274,900
52356Wellman, IA 5235621.0 mi5$1,625,350$295,000$325,070
52325Parnell, IA 5232522.2 mi2$1,232,500$616,250$616,250

Frequently Asked Questions

How many homes are for sale in IOWA CITY, IA 52240?

As of February 2026, there are 126 active listings in IOWA CITY, IA (zip code 52240), compared to 104 the prior year.

What is the median home price in IOWA CITY, IA 52240?

The median listing price in IOWA CITY, IA 52240 is $328,460 as of February 2026, a 19.5% decrease from $407,875 the prior year.

How long do homes stay on the market in IOWA CITY, IA?

Homes in IOWA CITY, IA 52240 spend an average of 82 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in IOWA CITY, IA 52240?

Based on current inventory and days-on-market data as of February 2026, IOWA CITY, IA 52240 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 35 days last year.

How much can I save on real estate commission in IOWA CITY, IA?

With SELL123.com's maximum 3% commission, sellers in IOWA CITY, IA 52240 save an estimated $6,569 compared to a typical 5% commission on the median listing price of $328,460. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.