The Southwest Area housing market is very competitive. The median sale price of a home in Southwest Area was $157K last month, up 12.0% since last year. The median sale price per square foot in Southwest Area is $110, up 10.5% since last year.
What is the housing market like in Southwest Area today?
In March 2024, Southwest Area home prices were up 12.0% compared to last year, selling for a median price of $157K. On average, homes in Southwest Area sell after 27 days on the market compared to 28 days last year. There were 20 homes sold in March this year, down from 29 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$156,750
+12.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Area, IA
$156,750
+12.0%
United States
To compare other locations to the Southwest Area and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Cedar Rapids add value to a home.
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How hot is the Southwest Area housing market?
Southwest Area is very competitive. Homes sell in 9 days.
0
100
83
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 9 days.
Hot homes
can sell for around list price and go pending in around 2 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.1%
+1.6 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Area, IA
99.1%
+1.6 pt
United States
Home offer insights for Southwest Area
Explore recent offers and recently sold homes in Southwest Area
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Area housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Area.
Risk Factor
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Area has a minor risk of flooding. 243 properties in Southwest Area are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Southwest Area. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Area has a moderate risk of wildfire. There are 349 properties in Southwest Area that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Southwest Area.
Southwest Area has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest Area has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.