Iowa started 2024 with a total of 5,066 single-family homes on the market, with a median home price of $305,850 and an average price per square foot of $189.89. By the end of the year, inventory had increased to 6,789 homes on the market (+34%), with a median home price of $300,000 (-2%), and an average price per square foot of $193 (+2%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.
Iowa started the year with 35.04% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 38.59% of homes for sale had taken a price cut.
