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Featured local agent — Gilman, IA
Sarah Mitchell
Compass Real Estate · Gilman, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gilman, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$129,000median sale price
How is the Gilman, IA housing market right now?
The median home sale price in Gilman, IA is $129,000. Homes sell in an average of 99 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gilman a buyer's or seller's market?
Gilman, IA is currently a seller's market, based on 2.0 months of supply and homes selling in about 99 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
99
Average pace
Active listings
2
2.0 months supply
Sale-to-list
103.2%
Above asking
What does the Gilman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $129,000 |
| Median list price | $84,950 |
| Average days on market | 99 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 103.2% |
| Median price per sq ft | $88/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gilman by property type?
How the Gilman, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $129,000 | $88/sq ft | 1 | 99 days |
Source: Redfin · Updated monthly
The Gilman housing market is currently classified as a seller's market with a median sale price of $129,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 99 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Gilman
There are currently 2 homes listed for sale in Gilman, Iowa. The median listing price is $85K.
Active listings
2
Homes on market
Median list price
$85K
Avg. days on market
99
Days until sale
New this week
2
Newly listed
Who lives in Gilman?
Population
613
Median income
$96,974/yr
Median age
41.7 years
Owner-occupied
83.3%
College grads
15.9%
Avg commute
29.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Gilman?
Zillow home value
$280,240
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Gilman?
Gilman is a community of approximately 1K residents with a median age of 41.7 years.The median household income is $96,974, which reflects a relatively affluent area with strong earning potential. 15.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gilman offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gilman?
1 schools tracked · 153 students
The largest public schools serving Gilman, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
East Marshall Middle School
Grades 6-8 · 153 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gilman, IA?
Want a head-to-head view? Compare Gilman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gilman?
The median home sale price in Gilman is $129,000, down 0.0% from last year.
How long do homes stay on market in Gilman?
Homes typically spend 99 days on market before going under contract.
What is the median income in Gilman?
The median household income is $96,974 per year.
Is Gilman a buyer's or seller's market?
With 2.0 months of supply, Gilman is currently a seller's market.
What is the Zillow home value estimate for Gilman?
The Zillow Home Value Index (ZHVI) for Gilman is $280,240, representing the typical home value in the area.
How much does a single-family home cost in Gilman?
The median single-family home price in Gilman, IA is $129,000 (about $88 per square foot).
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