Iowa Farmland Price Report July 29th – August 4th, 2023

Aug 8, 2023

Iowa Farmland Prices July 29th – August 4th, 2023 Report

A total of 1,848 acres were sold in Iowa this week. The average price per acre for the 14 tracts of land auctions is $16,175/acre and $192.44/CSR2 point. Learn more about CSR2.

How much is farmland in Iowa worth currently?

This week’s top-selling farm is 31.21 acres in Polk County, IA which sold on August 3rd by auction. This farm is located East of Elkhart, Iowa and sold for $24,050/acre. The CSR2 rating of the farm is 87.9 which totals to be $273.61/CSR2 point on this 96% tillable farm.

The second highest selling farm that sold this week went to two tracts – 115.5 acres of farmland in Benton County, Southwest of Garrison, Iowa which sold on August 2nd for $21,000/acre. CSR2 rating on this farm is 92.1 which totals to be $230.18/CSR2 on a 95% tillable farm.

Third highest selling farm of the week is located in Story County West of State Center, IA. this 200 acre farm sold for $17,700/acre or $200/CSR2 point. 

Check out the table below to see results from all farmland auctions in Iowa this week and Rachel’s video with aerials of the farms.

Farmland Appraisal for Iowa Land

Curious about what your land is worth and could potentially bring by selling by auction? Contact us today for a free market analysis! 

Farmland For Sale in Iowa

We have farmland auctions coming up in Iowa! Check them out at bid.dreamdirt.com 

71.13 Acres Farmland in Pocahontas County, IA 
158 Acres Farmland and Acreage in Howard County, IA
155.16 Acres Farmland and Acreage in Sac County, IA 
2 Bedroom 1 Bath Acreage on 2.62 Acres, in New Virginia, IA
Acreage with Outbuildings and 2.28 Acres near Rockford, IA
DreamDirt Auction Company Testimonial Review

How long does it take to sell farmland?

The auction method process takes about 60-80 days. From the day you sign a listing agreement to sell with us and until the closing, our auction method process takes about 60-80 days. There are two phases. The marketing phase last roughly 30 days up till auction day and then closing takes somewhere between 30-40 days. We can adjust this timeframe depending on your goals as well. 

Jason J Smith

Jason J Smith

Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

Phone: 515-537-6633

Recently Sold Farmland In Iowa 2023 – Average Price and Auction Results

County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable Date
Crawford 67.5 67.5 $13,600.00 73.9 $184.03 $918,000.00 100.00 7/31/23
Crawford 158.5 125.84 $13,300.00 71.7 $185.50 $2,108,050.00 79.39 7/31/23
Crawford 156 144.90 $13,000.00 68.1 $190.90 $2,028,000.00 92.88 7/31/23
Polk 80 77.69 $14,000.00 76.6 $182.77 $1,120,000.00 97.11 8/1/23
Story 200 194.59 $17,700.00 88.1 $200.91 $3,540,000.00 97.30 8/1/23
Ida 152 151.32 $16,800.00 88.6 $189.62 $2,553,600.00 99.55 8/1/23
Grundy 178.4 172.02 $15,900.00 85 $187.06 $2,836,560.00 96.42 8/1/23
Benton 115.5 109.29 $21,200.00 92.1 $230.18 $2,448,600.00 94.62 8/2/23
Dickinson 150.73 139.66 $16,800.00 88.33 $190.20 $2,532,264.00 92.66 8/2/23
Palo Alto 117 115.20 $14,700.00 85.4 $172.13 $1,719,900.00 98.46 8/3/23
Cerro Gordo 120.95 115.98 $15,900.00 83.8 $189.74 $1,923,105.00 95.89 8/3/23
Polk 31.21 29.96 $24,050.00 87.9 $273.61 $750,600.50 95.99 8/3/23
O’Brien 160 151.77 $15,400.00 94.3 $163.31 $2,464,000.00 94.86 8/4/23
O’Brien 160 152.47 $14,100.00 91.4 $154.27 $2,256,000.00 95.29 8/4/23
STATEWIDE TOTALS 1847.79 1748.19 $16,175.00 83.95 $192.44 $29,198,679.50 94.61
Jason Smith, Broker | Auctioneer

Jason Smith, Broker | Auctioneer

Founder, Farmland Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

Email: [email protected]Phone: 515-537-6633

Iowa Land Prices at A Glance For people who wish to visualize and research Iowa farmland prices, our heat maps have been a huge help. Here you can research your farm’s proximity or the statewide market and see individual sale results. This includes average prices per acre, the average price per CSR2 point, as well as volumes of sales, and the number of acres sold. Use this market price research tool right here at DreamDirt. Click the Iowa map to get started.
Request a Free Valuation for Your Farm or Land Property. You can request a FREE Market Analysis whether you’re ready to sell or just curious! Our goal is to help you reach the top of the market when selling land in the Midwest.
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