Is Jones County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jones County was a Seller's Market.
Key Takeaway
Jones County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jones County, IA
How much do homes in Jones County, IA cost?
Median Sold Price
$179,900
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jones County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Jones County was $179,900 in May 2024, up 5.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | $85K | +40.5% |
| 2 Bedrooms | $122K | $160K | +31.1% |
| 3 Bedrooms | $155K | $157K | +1.3% |
| 4 Bedrooms | $235K | $252K | +7.2% |
| 5+ Bedrooms | $370K | $164K | -55.7% |
Summary: Jones County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.5%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 55.7%.
Median Sold Price Compared To Nearby Counties
| Linn County | $195.7K | $214K | +9.4% |
| Jones County | $170K | $179.9K | +5.8% |
| Cedar County | $207K | $175K | -15.5% |
Housing Supply in Jones County, IA
How many homes are available in Jones County, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Jones County real estate market had 36 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Jones County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 4 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jones County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Jones County in May 2024, down by 71.4% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Jones County, IA
How long does it take to sell a home in Jones County, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 28 Days | -39.1% |
Summary: Homes in Jones County had an average of 28 days on market in May 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jones County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Jones County; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.