Market Intelligence · IA / Iowa City

Iowa City, IA 52240 Housing Market

The typical home in Iowa City's 52240 ZIP is valued at $277,248, up 2.6% over the past year. The median list price stands at $434,725, with homes spending a median of 51 days on market as of September 2026.

Updated September 2026Median value$277K

The median home value in Iowa City, IA 52240 is $277K as of September 2026, up 2.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 52240 range

$255K to $299K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.6% over 12 months

Sep 2025$270K

Low $270KHigh $277K

Sep 2026$277K

The numbers

What is the 52240 housing market like?

As of September 2026

Typical home value

$277K

2.6%YoY

Median list price

$435K

3.4%MoM

Days on market

3.8%MoM

Homes for sale

1.2%MoM

Price cuts

11.4%

6.0%MoM

New listings

40.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

52240 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 52240 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 52240 rose 2.6%, per the Zillow Home Value Index.

Will home prices drop in 52240?

Zillow's forecast does not call for a drop: it expects typical home values in 52240 to rise 3.1% by September 2027, after a 2.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 52240 home prices compare?

52240$277,248
Iowa City$304,125
Iowa$207,230
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Iowa City: 3 ZIPs; Iowa: 824 ZIPs; United States: 26,262 ZIPs).

Context

The September 2026 snapshot shows 84 homes for sale in Iowa City, IA 52240, with 28 new listings entering the market. The median list price is $434,725, while the typical home value is $280,939 as of August 2026, up 2.9% over the past year. A median of 51 days on market suggests buyers have some time to compare options. Price cuts are present but not widespread, with 11.4% of listings reduced as of September 2026. For a seller, pricing needs to be disciplined from the start because condition and accuracy are likely to matter more than momentum.

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Common questions

What people ask us.

What is the typical home value in Iowa City 52240?

The typical home value is $277,248, up 2.6% over the past year as of September 2026.

How many homes are currently for sale in 52240?

There are 84 homes for sale as of September 2026, with 28 new listings that month.

How long do homes typically stay on the market here?

The median days on market is 51 as of September 2026.

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