Take a look at the chart below to see the growth in value of homes in the Quad Cities. In Iowa, for example, our average home price has increased nearly 5 fold from $58,850 in 1985 to $288,700 in 2024. History shows that homes appreciate in value over time, helping to grow owners’ net worth in a big way. Instead of paying rent each month, owning a home builds equity plus enhances the owner’s quality of life. Also note the dramatic drop in the number of properties listed for sale – from 3702 in June of 1985 to 598 this June. It is this shortage of properties for sale relative to strong buyer demand that causes our properties to appreciate over time.
To learn more about your real estate holdings and market, ask your Realtor for a Real Estate Review.