How much is a home in 52240 worth?

The typical home value in Iowa City, IA 52240 is $280,939, up 2.9% over the past year as of 2026-08-01.

How long does it take to sell a home in 52240?

Homes in 52240 are spending a median of 53 days on the market. As of 2026-08-01, there are 83 homes for sale and 20 new listings.

Are sellers cutting prices in 52240?

Yes, 12.1% of listings in 52240 have had a price cut as of 2026-08-01. The median list price is $449,900.

Market Intelligence · IA / Iowa City

Iowa City, IA 52240 Housing Market

The typical home in Iowa City, IA 52240 is worth $280,939, up 2.9% over the past year. Sellers are listing at a median of $449,900, and homes are spending a median of 53 days on the market.

Updated August 2026Median value$281K

The median home value in Iowa City, IA 52240 is $281K as of August 2026, up 2.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 52240 range

$258K to $303K

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

+2.9% over 12 months

Aug 2025$273K

Low $273KHigh $281K

Aug 2026$281K

The numbers

What is the 52240 housing market like?

As of August 2026

Typical home value

$281K

2.9%YoY

Median list price

$450K

0.0%MoM

Days on market

17.2%MoM

Homes for sale

5.7%MoM

Price cuts

12.1%

0.9%MoM

New listings

28.6%MoM

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

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The comparison

How do 52240 home prices compare?

52240$280,939
Iowa City$306,381
Iowa$211,094
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Iowa City: 3 ZIPs; Iowa: 824 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 83 homes for sale in 52240, with 20 new listings hitting the market. The median list price sits at $449,900, well above the typical home value of $280,939, which has climbed 2.9% over the past year. Homes are moving at a measured pace, with a median of 53 days on market. About 12.1% of listings have taken a price cut, which suggests some sellers are adjusting expectations. For a seller, the data points to steady demand without frenzy, so pricing accurately from the start matters more than aiming high and cutting later.

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