Published October 2, 2026 in Market Update

Most Cedar Rapids Homes Sold at Full Price in 4 Days

By JJ Johannes

Real estate, Sept 2026 Market Update Clean

A lot of sellers come in expecting the same deal. Price it, get full ask, close fast. And honestly? For most of Cedar Rapids and Marion, that is exactly what happened. I pulled every listing through October 2, 2026, and the typical home sold in 4 days at 100% of what it first asked. That is the real number. But it is not the whole story.

Under $350K, the market is as strong as it looks

Homes priced under $200K sold in 4 days at 100% of what they first asked. The $200K to $250K range was even faster, 3 days, also at full price. Homes from $250K to $350K matched that, 4 days, 100% of first ask. Those sellers got exactly what they hoped for.

Three-bedroom homes were the fastest of all. The typical 3-bed sold in 3 days at full price. Older homes, built before 1970, sold in just 2 days. Homes built in the 1990s also moved in 2 days, and not one of them gave up without a sale.

Cash buyers and loan buyers moved at nearly the same pace, 4.5 days for cash and 5 days for loans, and both groups paid 100% of what the home first asked. Speed was not the edge cash gave buyers here. Seventy of the 125 homes that sold went under contract in the first week, with a typical sold price of $239,900 and a typical 2 days on the market. When a home finds a buyer that fast, it almost always finds one at full price.

The market under $350K is genuinely as strong as sellers hope it is. If your home fits there, the data says you will not wait long.

Above $350K, the expectation and the reality split apart

Once a home is priced above $350K, things change. Only 33.3% of homes in that range sold at or over their asking price. Compare that to 70.6% for homes between $150K and $250K. That is a real gap, and it shows up in the days-to-sell numbers too.

Homes priced $350K to $500K took a typical 9 days to sell and closed at 98.2% of what they first asked. Homes at $500K and up took 17 days and closed at 96.7% of first ask. That means the typical seller in that range gave up more than 3 cents on every dollar they first asked.

The give-up numbers back this up. Of homes priced $350K to $500K, 27.8% came off the market with no sale at all. That is more than 1 in 4. At $500K and up, 15% gave up. Under $350K, those numbers are tiny, 2.6% to 6.5%.

The typical first asking price of homes that gave up was $427,000. The typical first asking price of homes that sold was $239,900. That $187,100 gap tells you where the risk sits.

What this means for you right now

If you are selling, the price you pick matters more than anything else we can control together. The typical home under $350K sold in days and got 100% of what it first asked. Homes above that line sat longer, closed below asking, and more than 1 in 4 in the $350K to $500K range never sold at all. We need to know exactly where your home lands before we pick a number.

If you are buying, the supply here sits at 4 months, which is right at the edge between a seller's market and a balanced one. Under $350K, expect limited room to negotiate. Above that, you have more leverage than most buyers realize. Nationally, the 30-year fixed mortgage averaged 7.03% as of September 24, 2026, up from 6.95% the week before, according to the Freddie Mac Primary Mortgage Market Survey. That is up from 6.30% a year ago. Factor that into what you can offer, because the monthly payment difference is real.