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Tuesday, November 26, 2024

Iowa City home prices fall in the fourth quarter of 2017

Realestate4

The median sale price of a home sold in the fourth quarter of 2017 in Iowa City fell by $66,000 while total sales increased by 7.1%, according to BlockShopper.com.

From October through December of 2017, there were 15 homes sold, with a median sale price of $309,000 - a 17.6% decrease over the $375,000 median sale price for the same period of the previous year. There were 14 homes sold in Iowa City in the fourth quarter of 2016.

The following table compares Iowa City to other Johnson County cities in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
University Heights10825%$390,000$351,75010.9%
Iowa City15147.1%$309,000$375,000-17.6%
Tiffin1622-27.3%$188,950$188,4000.3%
North Liberty9095-5.3%$180,950$178,0001.7%
Coralville7586-12.8%$178,500$182,500-2.2%
Hills24-50%$153,000$148,7002.9%
Lone Tree313-76.9%$152,000$86,00076.7%

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