Iowa Farmland Price Report September 9th – 15th, 2023

Sep 20, 2023

Iowa Farmland Prices September 9th-15th, 2023 Report

A total of 3,805 acres were sold in Iowa this week. The average price per acre for the 32 tracts of land auctions is $11,155/acre and $170.08/CSR2 point. Learn more about CSR2.

How much is farmland in Iowa worth currently?

This week’s top-selling farm went to 97.67 acres in Benton County, IA which sold on September 12th by auction. This farm is located South of Keystone, Iowa North of Highway 30 and sold for $20,900/acre. The CSR2 rating of the farm is 95.6 which totals to be $218.62/CSR2 point on this 100% tillable farm.

The second highest selling farm that sold this week went to Mahaska County East of Pella, IA.  This 160 acre farm sold for $18,000/acre. CSR2 rating on this farm totaled 74 which puts sale price $243.24/CSR2. 

Third highest selling farm of the week is located in Fayette County South of West Gate, IA. This 80 acre farm sold for $17,600/acre by absolute auction (no reserve price). This farm included an acreage with a 1,116 sq. ft. house built in 1900 with 3 bed and 1 bath. 

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 

76.03 Acres Farmland in Lyon County, IA
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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
Union 153 107 $6,500.00 55.3 $117.54 $994,500.00 69.93 9/9/23
Monona 76.14 66.87 $11,800.00 60.7 $194.40 $898,452.00 87.83 9/9/23
Mahaska 160 152 $18,000.00 74 $243.24 $870,900.00 95.00 9/9/23
Boone 80 79.1 $16,600.00 85.5 $194.15 $232,352.00 98.88 9/8/23
Fayette 80 72.34 $17,600.00 89.4 $196.87 $640,500.00 90.43 9/12/23
Ida 155.34 146.36 $8,825.00 57.5 $153.48 $1,370,875.50 94.22 9/12/23
Benton 97.67 96.67 $20,900.00 95.6 $218.62 $2,041,303.00 98.98 9/12/23
Benton 65.05 61 $16,500.00 91.5 $180.33 $1,073,325.00 93.77 9/12/23
Kossuth 87 83.90 $16,200.00 83.1 $194.95 $1,409,400.00 96.44 9/12/23
Kossuth 40 38.30 $16,500.00 85.9 $192.08 $2,559,920.00 95.75 9/12/23
Winnebago 95.02 87.97 $12,500.00 78.6 $159.03 $1,187,750.00 92.58 9/12/23
Davis 28.04 0 $7,700.00 42 $183.33 $215,908.00 0.00 9/12/23
Davis 33.56 30 $8,900.00 43 $206.98 $298,684.00 89.39 9/12/23
Benton 71 69 $7,825.00 57.3 $136.56 $555,575.00 97.18 9/13/23
Benton 77 38 $7,275.00 65.9 $110.39 $560,175.00 49.35 9/13/23
Howard 240 232.60 $14,900.00 84.2 $176.96 $3,576,000.00 96.92 9/13/23
Chickasaw 79 77.65 $14,140.00 82.6 $171.19 $1,117,060.00 98.29 9/13/23
Chickasaw 303.8 222.62 $8,131.00 63.7 $127.65 $2,470,197.80 73.28 9/13/23
Chickasaw 70.72 44 $8,181.00 36.3 $225.37 $578,560.32 62.22 9/13/23
Wapello 130 124.81 $5,750.00 48.2 $119.29 $747,500.00 96.01 9/14/23
Wapello 107 101.63 $5,200.00 37.1 $140.16 $556,400.00 94.98 9/14/23
Jefferson 189.28 156.77 $5,900.00 64.3 $91.76 $1,116,752.00 82.82 9/14/23
Jasper 147.8 141.10 $9,150.00 54.4 $168.20 $1,352,370.00 95.47 9/14/23
Jasper 138.83 138.83 $8,100.00 52.2 $155.17 $1,124,523.00 100.00 9/14/23
Humboldt 118 116 $13,200.00 63.4 $208.20 $1,557,600.00 98.31 9/15/23
Jones 31.5 23.62 $16,100.00 57.2 $281.47 $507,150.00 74.98 9/15/23
Jones 319.5 276.96 $10,000.00 48.5 $206.19 $3,195,000.00 86.69 9/15/23
Jones 14.57 11.85 $13,200.00 63.4 $208.20 $192,324.00 81.33 9/15/23
Madison 160 105.21 $8,100.00 72.6 $111.57 $1,296,000.00 65.76 9/15/23
Madison 184 78.66 $7,100.00 58.3 $121.78 $1,306,400.00 42.75 9/15/23
Madison 120 11.84 $6,100.00 69 $88.41 $732,000.00 9.87 9/15/23
Wright 153 146.63 $10,100.00 63.5 $159.06 $1,545,300.00 95.84 9/15/23
STATEWIDE TOTALS 3805.82 3139.29 $11,155.53 65.13 $170.08 $37,880,756.62 82.49
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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