Iowa recorded 2,509 closed sales during November, down by 8.9% from the 2,756 single-family sales recorded one year earlier. Month-over-month, sales were down 20.8% from the 3,169 transactions in October.
According to data from Iowa Realtors, the drop in sales was seesawed by an increase in listings – 29,982 last month, up by 1.9% from 2,925 in November 2024. However, November’s volume of new listings was also down by 33.5% from the 4,487 recorded in October. Days on the market increased 18.2% to 26 days on market in both yearly and monthly comparisons.
Median sales price increased 7% to $244,950 in November from the $229,000 of one year before. The single-family median sales price dipped 2% monthly from October’s $250,000.
“The Iowa housing market is still enjoying the buildup of inventory we’ve seen over the past several months,” Les Sulgrove, statewide housing analyst for Iowa Realtors. “This sets us up for a nice start to 2026. Coupled with slight decreases in mortgage interest rates, we could continue to see unseasonably warm market trends as we delve deeper into Iowa’s winter tundra.”
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