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Featured local agent — Lake Park, IA
Sarah Mitchell
Compass Real Estate · Lake Park, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Park, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Lake Park, IA housing market right now?
The median home sale price in Lake Park, IA is $230,000, down 66.0% year-over-year. Homes sell in an average of 89 days with 14 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Park a buyer's or seller's market?
Lake Park, IA is currently a leaning buyer's, based on 4.7 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
89
Average pace
Active listings
14
4.7 months supply
Sale-to-list
98.5%
Below asking
What does the Lake Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $277,450 |
| Year-over-year price change | -66.0% |
| Average days on market | 89 days |
| Active inventory | 14 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 98.5% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 35.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Park by property type?
How the Lake Park, 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 | $230,000 | $153/sq ft | 3 | 89 days |
Source: Redfin · Updated monthly
The Lake Park housing market is currently classified as a leaning buyer's with a median sale price of $230,000. Prices have fallen 66.0% compared to last year, with homes spending an average of 89 days on market, indicating 4.7 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Park
There are currently 14 homes listed for sale in Lake Park, Iowa. The median listing price is $277K.
Active listings
14
Homes on market
Median list price
$277K
Avg. days on market
89
Days until sale
New this week
2
Newly listed
Who lives in Lake Park?
Population
1,191
Median income
$73,977/yr
Median age
40.1 years
Owner-occupied
88.1%
College grads
15.1%
Avg commute
20 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Park?
Zillow home value
$255,938
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Lake Park?
Lake Park is a community of approximately 1K residents with a median age of 40.1 years.The median household income is $73,977, which represents a working-class community with solid middle-income opportunities. 15.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 20 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Park?
2 schools tracked · 340 students
The largest public schools serving Lake Park, 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.
Harris-Lake Park High School
Grades 6-12 · 173 students
Harris-Lake Park Elementary School
Grades PK-5 · 167 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 Lake Park, IA?
Want a head-to-head view? Compare Lake Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Park?
The median home sale price in Lake Park is $230,000, down 66.0% from last year.
How long do homes stay on market in Lake Park?
Homes typically spend 89 days on market before going under contract.
What is the median income in Lake Park?
The median household income is $73,977 per year.
Is Lake Park a buyer's or seller's market?
With 4.7 months of supply, Lake Park is currently a leaning buyer's.
What is the Zillow home value estimate for Lake Park?
The Zillow Home Value Index (ZHVI) for Lake Park is $255,938, representing the typical home value in the area.
How much does a single-family home cost in Lake Park?
The median single-family home price in Lake Park, IA is $230,000 (about $153 per square foot).
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