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Iowa City, IA 52240 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Iowa City, IA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 4848PendingPending sales: 22
Iowa City, IA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $365k$365kSoldMedian sold price (last 6 months): $295k$295k
What homes actually sell for in Iowa City, IA
Distribution of 248 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $225k to $430k
$136k to $234k: 57 sales$136k$234k to $333k: 81 sales81sales$333k to $431k: 38 sales$333k$431k to $530k: 23 sales$530k to $628k: 10 sales$530k$628k to $727k: 5 sales$727k to $825k: 7 sales$727k$825k to $924k: 2 salesMedian $295k

What the numbers say

As of September 14, 2026, Resideline is tracking 48 active listings and 2 pending sales in ZIP code 52240. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $364,950, while the median of the 248 closed sales Resideline tracked over the last six months was $295,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 52240 for 63 days.

Frequently asked questions

What is the median home price in 52240?

The median closed sale price in Iowa City, IA 52240 was $295,000 over the last six months, based on 248 closed sales tracked by Resideline. The middle half of those sales ranged from $225,000 to $430,000.

Is 52240 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 48 active listings in 52240, a pending-to-active ratio of 0.04. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 52240 currently looks like a balanced market.

Nearby ZIP code market data

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