Iowa Real Estate Market Update: June 2026 This report provides an overview of key real estate market indicators for Iowa as of June 2026, relevant for For Sale By Owner (FSBO) sellers.
Data reflects statewide trends and may vary significantly by local market.
Median Home Prices As of June 2026, the median home sale price across Iowa registered at $265,000.
This represents a 4.9% increase compared to June 2025.
Over the past quarter (March 2026 to June 2026), the median price has shown a 1.2% upward trend.
Specific metropolitan areas within Iowa, such as Des Moines and Cedar Rapids, have reported median prices slightly above the state average, while some rural counties have seen figures below this benchmark.
The price per square foot statewide averaged $165.
Days on Market (DOM) The average number of Days on Market (DOM) for homes sold in Iowa during June 2026 was 38 days.
This figure indicates a slight decrease of 5.0% compared to the 40 days recorded in June 2025.
For properties priced competitively and in good condition, the DOM was observed to be closer to 25-30 days in more active submarkets.
Properties requiring significant updates or those at the higher end of their respective market segments generally experienced longer listing periods.
Buyer Demand Buyer demand in Iowa remained robust throughout June 2026.
Mortgage application volumes for home purchases in Iowa increased by 3.5% compared to May 2026, and by 7.1% year-over-year from June 2025.
The number of showings per listing statewide averaged 7.2, indicating continued interest from prospective buyers.
First-time homebuyers constituted approximately 32% of all purchase mortgage applications filed in Iowa during this period.
Interest rates for a 30-year fixed mortgage averaged 6.8% in June 2026, showing minor fluctuations but remaining a factor in buyer affordability calculations.
Inventory Levels Housing inventory levels in Iowa continued to be a significant market characteristic in June 2026.
The total number of active listings statewide was 8,100 units.
This translates to a 2.8-month supply of inventory based on the current sales pace.
This figure is slightly up from the 2.6-month supply observed in June 2025, but still indicates a seller's market condition across much of the state.
New listings entering the market in June 2026 totaled 4,200, a 2.1% increase from May 2026.
However, the rate of new listings was still outpaced by buyer demand in several key areas, contributing to the persistent low inventory environment.