Iowa Farmland Price Report June 17th – 23rd, 2023
Iowa Farmland Prices June 17th – 23rd, 2023 Report
A total of 1,416 acres were sold in Iowa this week. The average price per acre for the 18 land auctions is $13,192.78/acre and $176.75/CSR2 point. Learn more about CSR2.
How much is farmland in Iowa worth currently?
This week’s top-selling farm is 73.06 acres in O’Brien County, IA which sold on June 19th. This farm is located NE of Primghar, Iowa and sold for $21,700/acre. The CSR2 rating of the farm is 97.7 which totals to be $222.11/CSR2 point on this 93% tillable farm.
The second highest selling farm that sold this week went to two 100% tillable tracts of farmland in Carroll County, Iowa which sold on June 17th by live auction at the farm. Tract 2 sold higher at $18,000/acre for 12.75 acres. Tract 1 sold for $17,200/acre for 31.77 acres. Both resulted in +$200/CSR2.
Third highest selling farm of the week also is located in Jasper County Sotheast of Newton, Iowa. This farm sold on June 22nd by timed online auction with 5% buyer’s premium for $16,380/acre and $210/CSR2. This farm consisted of 156.13 acres and is 94% tillable.
Check out the table below to see results from all farmland auctions in Iowa this week.
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
280.59 Acres in Hancock County and Cerro Gordo County, IA
10 Acres Farmland in Madison County, IA
Acreage and 36.34 Acres of Land in Plymouth County, IA
FAQ of the week: Are Mortgage Rates Declining?
Yes! For the third week in a row mortgage rates dipped. Compared to the first week in June, 30-year, fixed-rate mortgage decreased from 6.79% to an average of 6.67% this week according to Freddie Mac’s Primary Mortgage Market Survey. Even though we are seeing a decrease in rates, they are still higher than earlier this year. Many buyers are watching the market and are seeing the steady decline from when rates peaked last year. Good farmland in Iowa is still selling good! There is no better time than now to sell.
Jason Smith
Auctioneer, Land Broker, Founder
Jason holds Auctioneer or Land Broker licenses in Iowa, Missouri, Minnesota, Nebraska, and South Dakota. His DreamDirt team is composed of auctioneers, land brokers, and realtors. They specialize in farmland sales primarily serving the heirs to family farms all across Iowa and surrounding states. We offer risk-free selling experiences and work hard to maximize the value of our client's assets using highly effective auction methods, technology, and powerful advertising.
Email: Jason@dreamdirt.com | 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 |
|---|---|---|---|---|---|---|---|---|
| Carroll | 31.77 | 31.77 | $17,200.00 | 83.6 | $205.74 | $546,444.00 | 100.00 | 6/17/23 |
| Carroll | 12.75 | 12.75 | $18,000.00 | 88.3 | $203.85 | $229,500.00 | 100.00 | 6/17/23 |
| O’Brien | 73.06 | 68.07 | $21,700.00 | 97.7 | $222.11 | $1,585,402.00 | 93.17 | 6/19/23 |
| Dubuque | 37.048 | 17.92 | $12,810.00 | 36.4 | $351.92 | $474,584.88 | 48.37 | 6/20/23 |
| Winnebago | 160 | 155.85 | $14,500.00 | 84.4 | $171.80 | $2,320,000.00 | 97.41 | 6/20/23 |
| Webster | 72 | 70.97 | $16,000.00 | 86.5 | $184.97 | $1,152,000.00 | 98.57 | 6/20/23 |
| Jasper | 156.13 | 148.19 | $16,380.00 | 77.9 | $210.27 | $2,557,409.40 | 94.91 | 6/22/23 |
| Montgomery | 240 | 220.8 | $7,500.00 | 68.4 | $109.65 | $1,800,000.00 | 92.00 | 6/22/23 |
| Hancock | 70 | 69.28 | $15,600.00 | 80 | $195.00 | $1,092,000.00 | 98.97 | 6/22/23 |
| Hancock | 60 | 59.83 | $12,700.00 | 68.7 | $184.86 | $762,000.00 | 99.72 | 6/22/23 |
| Jefferson | 80 | 30.8 | $6,600.00 | 74.9 | $88.12 | $528,000.00 | 38.50 | 6/22/23 |
| Wapello | 79 | 79 | $14,100.00 | 85.8 | $164.34 | $1,113,900.00 | 100.00 | 6/22/23 |
| Hancock | 28 | 24.6 | $11,100.00 | 84.5 | $131.36 | $310,800.00 | 87.86 | 6/23/23 |
| Hancock | 77 | 48.57 | $5,900.00 | 57.3 | $102.97 | $454,300.00 | 63.08 | 6/23/23 |
| Hancock | 80 | 66.8 | $11,200.00 | 82 | $136.59 | $896,000.00 | 83.50 | 6/23/23 |
| Wright | 40 | 29 | $8,100.00 | 58 | $139.66 | $324,000.00 | 72.50 | 6/23/23 |
| Webster | 80 | 74.29 | $12,700.00 | 73.3 | $173.26 | $1,016,000.00 | 92.86 | 6/23/23 |
| Webster | 40 | 37.46 | $15,200.00 | 74.1 | $205.13 | $608,000.00 | 93.65 | 6/23/23 |
| STATEWIDE TOTALS | 1416.758 | 1245.95 | $13,182.78 | 75.66 | $176.75 | $17,770,340.28 | 87.94 |
Rachel Tiffany
Farmland Auctioneer | Land Broker
Rachel is a licensed real estate salesperson specializing in the sale of farm, land, and rural residential real estate. She is a graduate of Iowa State University with a major in Animal Science and a minor in Agricultural Business. Rachel has a strong interest in valuations and appraisal of rural properties and studied Rural Property Appraisal at Iowa State. She also works for DreamDirt as the Online Auction Coordinator building and facilitating their online land and equipment auctions.
Email: rachel@dreamdirt.com | Phone: (515) 954-8063
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