Iowa REALTORS® Blog

“The end of summer traditionally brings a slight coolness to the housing market, but there are plenty of warm spots remaining,” Les Sulgrove, Iowa REALTORS® statewide housing analyst, said. 

Iowa’s housing market continued its upward trend in May, with more homes hitting the market and steady sales gains pointing to renewed energy heading into summer. Inventory levels rose over 20% year-over-year, and median prices saw a nearly 6% increase. While month-to-month changes were modest, buyer and seller confidence remains strong across the state.

In this quick market update, President Travis Bushaw and analyst Les Sulgrove highlight key trends from April: growing inventory, steady prices, and fast-moving homes. With buyer confidence on the rise and affordability intact, Iowa’s market is staying strong. Watch the video to get the full scoop.

Iowa’s housing market is warming up with the spring weather! In April 2025, buyers were greeted with more options as inventory surged—active listings jumped nearly 25% year-over-year. Despite the growing supply, median prices continued to rise and homes still moved quickly, signaling a strong, competitive season ahead. Whether you're buying, selling, or just keeping an eye on the market, April’s trends point to a bustling summer across the state.

March 2025 saw 3,861 new single-family listings and 2,369 closed sales in Iowa, with median sale prices holding steady at $239K (up 6.2% for single-family homes and 3.5% for condos/townhomes), homes averaging 12 days on the market, and increased inventory.

February 2025 saw 2,780 new listings and 1,768 sales in Iowa, with median prices at $225K and homes averaging 22 days on the market.