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Downtown Cedar Rapids House for Sale

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    $139,960

    Lot 42 Kestrel Heights, Cedar Rapids, IA 52403

    Don’t miss your chance to build your dream home on a premium lot in the vibrant new Kestrel Heights development—these sought-after lots are already being purchased! Nestled on the southeast side of Cedar Rapids, this 65-acre community combines the charm of rural living with the convenience of city amenities. With lot sizes starting at 1⁄4 acre, there’s an option to suit every vision, but the most

    Alexis Kemp RE/MAX CONCEPTS

    Lot 42 Kestrel Heights, Cedar Rapids, IA 52403

Why Live in Downtown Cedar Rapids

Straddling the Cedar River, Downtown Cedar Rapids has seen significant revitalization, transforming into a vibrant cultural hub. The recent development has brought new riverfront buildings and improved walkability, with a new bridge across the water set to be completed in 2025. The neighborhood offers a variety of amenities, including shops, restaurants, breweries and bars. Popular dining spots include Black Sheep Social Club, LP Street Food and Need Pizza. Residents can enjoy coffee at Dash Coffee Roasters and shop for groceries at Hy-Vee. The Paramount Theatre hosts a range of events, and the annual farmers market features entertainment and numerous vendors. The Freedom Festival, leading up to July Fourth, includes parades and carnivals. Greene Square, the only park in the area, offers a railroad-inspired area for picnicking and gatherings. Cultural attractions include the National Czech & Slovak Museum and the Cedar Rapids Museum of Art. Condos make up most of the neighborhood's housing, many in converted warehouses or new buildings. Many have upscale amenities like fitness centers and green spaces. Interstate 380 provides easy commuting, and Eastern Iowa Airport is an 8-mile drive away. While the area has experienced flooding, significant investments have been made in flood protection.

Home Trends in Downtown Cedar Rapids, IA

Housing Trends

Median Sale Price
$97,450
Median Single Family Sale Price
$92,500
Median 2 Bedroom Sale Price
$95,000
Average Price Per Sq Ft
$162
Number of Homes for Sale
2
Last 12 months Home Sales
10
Months of Supply
2.40
Median List Price
$103,475
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-24%
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