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