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Sunday, May 19, 2024

Iowa City home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Iowa City rose by $5,000 while total sales decreased by 7.4%, according to BlockShopper.com.

From July through September of 2020, there were 365 homes sold, with a median sale price of $235,000 - a 2.2% increase over the $230,000 median sale price for the same period of the previous year. There were 394 homes sold in Iowa City in the third quarter of 2019.

The following table compares Iowa City to other Johnson County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
University Heights916-43.8%$257,000$262,500-2.1%
Tiffin32306.7%$246,850$201,50022.5%
Coralville1441338.3%$236,500$205,00015.4%
Iowa City365394-7.4%$235,000$230,0002.2%
Hills23-33.3%$229,500$163,00040.8%
North Liberty129145-11%$213,000$200,0006.5%
Lone Tree811-27.3%$136,750$146,000-6.3%

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