Friday, January 5, 2018

2017 Market Report - What Happened in Your Neighborhood?

Cedar Rapids Market Report for 2017


Have a look to see what's happening in each
 of the quadrants in Cedar Rapids.

Which is most affordable, which has the highest average sale price?

Scroll down to see the increase in average home price and more!

In Cedar Rapids (NE, NW, SE, SW quadrants) there were 
2397 Residential sales as reported in the
 Cedar Rapids Area Association of Realtors in 2017.

NE Quadrant: 853 homes

NE has most sales & highest single-family average

702 Single-family; 151 condo or zero-lot
NE Single family averages:
3 bedrooms/2 baths
1996 total s.f.
Average sale price: $181,409.30
Days on market: 49

NE Condo/zero lot averages:
2 bedrooms/2 baths
1456 total s.f.
Average sale price: $151,002.84

Days on market: 66


SW Quadrant: 664 homes
485 Single-family; 179 condo or zero-lot
SW Single family averages:
3 bedrooms/2 baths
1642 total s.f.
Average sale price: $158,584.76
Days on market: 51

SW Condo/zero lot averages:
2 bedrooms/2 baths
1460 total s.f.
Average sale price: $164,847.55

Days on market: 71


SE Quadrant : 447 homes
366 Single-family; 81 condo or zero-lot
SE Single family averages:
3 bedrooms/2 baths
2033 total s.f.
Average sale price: $170,612.41
Days on market: 54

SE Condo/zero lot averages:
2 bedrooms/2 baths
1489 total s.f.
Average sale price: $151,302.41

Days on market: 103

NW Quadrant : 433 homes
418 Single-family; 15 condo or zero-lot
NW Single family averages:
3 bedrooms/2 baths
1667 total s.f.
Average sale price: $144,601.93
Days on market: 39

NW Condo/zero lot averages:
2 bedrooms/2 baths
1583 total s.f.
Average sale price: $146,874.40

Days on market: 33

Total single-family homes sold in Cedar Rapids: 1971
Total condo/zero-lot homes sold in Cedar Rapids: 426 


Here are the 2017 averages:
2397 Homes sold through the MLS
The average sales price of all sold homes was $164,338.11
(Up $6,257.28 over 2016!)
Average square feet total - 1,779
Average 3 bedrooms and 2 baths
Average days on market - 53

The overall averages for 2016:
2398 Homes sold through the MLS
The average sales price of all sold homes was $158,080.83
Average square feet total - 1766
Average 3 bedrooms and 2 baths
Average days on market - 63


*stats reported as of 1/05/2018

No comments:

Post a Comment