Iowa REALTORS released its December and year-end housing report for 2024, indicating resilience in the housing market. Home sales increased by 1.6% with 33,102 single-family homes sold. The median sales price rose by 6.4% to $234,000. Inventory grew significantly, with new listings up 8.3% to 42,303 homes. December saw an 8.9% increase in sales year-over-year, while pending sales dropped 7.2%. The median price in December rose 7.2% to $230,000. The report suggests a balanced market with improved inventory and healthy demand for 2025.
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