Rose Bowl tickets are dipping in price on the secondary market as game day slowly approaches.

Wednesday afternoon the cheapest ticket on StubHub.com was listed at $395, with others selling for around $400. That's down from $600 this time last week. The cheapest ticket on SeatGeek.com was listed at $494 Wednesday.

The drop comes days after the University of Iowa allocated their share of 23,000 tickets to season ticket holders and top donors. Fans receiving tickets through the University paid $150 to $185 per ticket.

The game is considered a "contractual sellout" according to Rose Bowl representatives. The Hawkeyes are set to play Stanford in the Rose Bowl on January 1 in Pasadena, California.