Cedar Rapids, IA 52403 Real Estate Market Report

ZIP Code: 52403
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Cedar Rapids housing market in early 2026 has shown a median sold price of $204,100, reflecting a steady demand despite the current market conditions. This price indicates a robust market, with recent trends suggesting a year-over-year increase in pricing, contributing to a hot market temperature. The elevated median listing price of $151,000 compared to the sold price indicates potential pricing friction, as sellers may have higher expectations than what buyers are willing to meet.

However, the market is experiencing longer selling times, with properties averaging 195 days on market, which may suggest a shift towards a more balanced market. The elevated inventory levels relative to sales activity indicate a potential for excess supply, which could further influence pricing dynamics moving forward. Overall, while the market remains strong, the signs of rebalancing may lead to adjustments in seller strategies and buyer expectations.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cedar Rapids, IA market around 5.63% are slightly below the national 2026 average of 6.09%, presenting a marginally better borrowing environment for new loans.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $204,100 is the median sold price, indicating a strong market despite longer selling periods.

2. Properties are taking an average of 195 days on market, suggesting a slower sales velocity and potential pricing adjustments.

3. The median listing price of $151,000 reflects seller expectations that may not align with buyer demand, indicating possible pricing friction.

4. Rental demand remains stable with a median market rent of $1,307, supporting the overall housing market fundamentals.

5. Current interest rates around 5.63% are slightly below the national average, providing a marginally better borrowing environment for buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.