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The Housing Market

Lepic-Kroeger vs. The Housing Market: your full guide

Iowa City’s oldest and largest independent brokerage against a brokerage that publishes a ceiling — what 850 years of combined agent experience is worth, and what it costs.

Comparisons
9 min readUpdated

Are you deciding between Lepic-Kroeger and The Housing Market for selling your Iowa City home? You’re not alone—both are locally owned, licensed Iowa brokerages that will list your home, negotiate your offers and get you to closing. The Housing Market has become a preferred choice for Iowa sellers, offering the same coverage with published prices and a ceiling on what the sale can cost. If you’re still on the fence, here’s what you need to know to make the full Lepic-Kroeger vs. The Housing Market comparison.

What Lepic-Kroeger is

Of every firm in this comparison set, Lepic-Kroeger has the strongest single argument, and it is not about marketing or technology. It is tenure.

Iowa City's oldest and largest independent brokerage

  • Founded in 1972 by Gene Kroeger, with partner Tom Lepic
  • Iowa City's largest and oldest independent real estate company
  • More than 65 agents with over 850 years of combined experience
  • Based at 2346 Mormon Trek Boulevard since 1997

Source: Lepic-Kroeger, REALTORS. No commission rate is stated for any firm here, because none publishes one — which is the whole point of the comparison below.

More than 65 agents with over 850 years of experience between them works out at an average of roughly thirteen years each. In a business where the median agent does a handful of deals a year and many leave within two, that is a genuinely unusual bench, and it is the strongest reason to choose them.

Lepic-Kroeger vs. The Housing Market feature comparison

Lepic-Kroeger and The Housing Market share many key functions, but how do they compare, and what should you expect your favorite parts of the process to look like on The Housing Market?

1. Agent experience

  • Lepic-Kroeger: An average agent with thirteen years in the Iowa City market has priced homes through the 2008 crash, the 2020 spike and the rate shock after it. That is pattern recognition you cannot buy or automate, and on an unusual property it is worth real money.
  • The Housing Market: An Iowa-licensed brokerage with a vetted local partner bench and a process that does the same job in the same order every time. Where they offer depth of judgement, The Housing Market offers consistency and a price you can read in advance — different things, and for a standard three-bed in a well-comped neighbourhood the second is usually enough.

What you are buying

Lepic-Kroeger

Judgement, accumulated over decades.

  • 65+ agents, 850+ years combined
  • Average agent has 13+ years in this market
  • Price still set as a percentage

The Housing Market

A repeatable process at a published price.

  • Same stages, same order, every sale
  • Vetted local partners at each stage
  • Total cost to sell is $10,000 or less

Experience and process solve the same problem from opposite directions.

2. Independence

  • Lepic-Kroeger: Independent since 1972 — no franchise fees, no national brand dictating the marketing, decisions made in Iowa City.
  • The Housing Market: Also independent and Iowa-licensed, and newer — which cuts both ways. It has no fifty-year bank of local goodwill; it has a price list anyone can read without booking an appointment.

3. How you are billed

  • Lepic-Kroeger: A percentage of the sale price, negotiated with your agent and set in the listing agreement. No seller rate is published, so the number is whatever you and the agent settle on.
  • The Housing Market: A published menu on a public pricing page, priced per stage. A seller’s total cost to sell is $10,000 or less however many stages you take.

4. What you can decline

  • Lepic-Kroeger: The percentage is a bundle. Nothing to decline, and no itemised view of what each part of the service was worth.
  • The Housing Market: Five stages, priced separately. Take the ones you want; the ceiling holds either way.

5. Marketing the home

  • Lepic-Kroeger: Full-service marketing out of the commission, with fifty years of local relationships behind the listing.
  • The Housing Market: Photography, listing copy, IDX syndication and targeted digital advertising as one priced stage, plus handoff photography and a 3D virtual tour at closing.

6. Offers and negotiation

  • Lepic-Kroeger: An experienced agent brings the offers and advises on the counters. This is where the thirteen-year average earns its keep — reading which buyer will actually close is not a checklist skill.
  • The Housing Market: Every offer in one inbox with a side-by-side comparison of price and terms, a QR code buyers can use to offer directly, and counter-offer support, priced as its own stage.

7. When you pay

  • Lepic-Kroeger: At closing, as a percentage of whatever the home sells for.
  • The Housing Market: Also at closing, as a figure you agreed in advance, capped at $10,000.
ListUnder contractClosingPercentage commission: 5.84% — $18,980 due at closingPercentage commission5.84% — $18,980The Housing Market: $10,000 or less due at closingThe Housing Market$10,000 or lessMarker position shows when payment is due, not how large it is.

Both bills land on the same day. Only one of them is a number you already knew.

The Housing Market–exclusive features

  • A published ceiling: $10,000 or less — $8,980 below the 5.84% Iowa average on the median Iowa City home.
  • Prices before the appointment: The full menu is on the pricing page.
  • À la carte stages: Decline the parts you have covered.
  • Buyers who pay no commission: A wider pool of people looking at your home.
  • One dashboard for the sale: Every document and signature stored against the transaction.

Where Lepic-Kroeger wins

The other side of the ledger, in full.

  • Experience, straightforwardly: Thirteen years is a lot of transactions. If your home is unusual — a historic property, an estate sale, something with a title complication — that judgement is worth more than the difference in fee.
  • Fifty years of local goodwill: A firm that has been in Iowa City since 1972 knows the other agents, and being known is a soft advantage in a negotiation.
  • Homes under about $171,000: Below roughly $171,000, 5.84% of the sale price is cheaper than the ceiling.

Lepic-Kroeger vs. The Housing Market pricing comparison

Lepic-Kroeger does not publish a seller rate, so the comparison uses the published Iowa average of 5.84% — a February 2026 survey of 533 agents — against the $325,000 median Iowa City sale price. An average, not their rate.

Percentage commissionThe Housing MarketIowa average commission (5.84%, both sides): $18,980Iowa average commission (5.84%, both sides)$18,980Listing side only (2.96%): $9,620Listing side only (2.96%)$9,620The buyer would then pay their own agent directly.The Housing Market: up to $10,000The Housing Marketup to $10,000Choose the stages you want. Nothing is charged until closing.

Cost to sell a $325,000 Iowa City home. The middle bar is the case where a seller contributes nothing toward the buyer’s agent — explicitly an option since August 2024.

Source: Clever Real Estate, February 2026 survey of 533 agents nationwide

$18,980 against a ceiling of $10,000 is a difference of $8,980 on the median home. The question this article cannot answer for you is whether an experienced local agent is worth that difference on your particular house. On some houses it plainly is.

See what your sale would actually cost

Start with the home price evaluation. It runs before you commit to anything and tells you whether there are buyers at your number.

Get started

Wrapping up

In the Lepic-Kroeger vs. The Housing Market debate, Lepic-Kroeger wins on agent experience, on half a century of Iowa City relationships, and on homes below about $171,000. The Housing Market sets itself apart with the same full coverage, a repeatable process, prices published in advance, and a seller’s total cost to sell of $10,000 or less. If your home is straightforward and you would rather keep the difference, it’s time to try The Housing Market.

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