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Featured local agent — Linn Grove, IA
Sarah Mitchell
Compass Real Estate · Linn Grove, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Linn Grove, IA Housing Market
The typical home in Linn Grove, IA is worth $200,678, rose 1.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $11,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 9 days, Linn Grove is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $200,678 home is about $1,071/mo in principal and interest.
Key numbers for Linn Grove, IA
Typical home value
$200,678
+1.0% in 12 months
Zillow, August 2026
Median sale price
$11,000
Last published period
Redfin, through August 2025
Days on market
9
Fast-moving
Redfin, through August 2025
Active listings
1
1.0 months of supply
Redfin, through August 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$67,500
Home costs 3.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
73.3%
Selling below asking
Redfin, through August 2025
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Linn Grove a buyer's or seller's market?
Linn Grove, IA is a seller's market, based on 1.0 months of supply and homes selling in about 9 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Linn Grove housing market data show?
Every row below is Redfin's final published month for Linn Grove, IA. Redfin, through August 2025
| Metric | Value |
|---|---|
| Median sale price | $11,000 |
| Median list price | $41,500 |
| Median price per sq ft | $19/sq ft |
| Median days on market | 9 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 73.3% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Linn Grove is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Linn Grove is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Linn Grove home prices moved?
Across the 8 months we hold for Linn Grove, IA, the median sale price fell 26.7%, from $15,000 in August 2021 to $11,000. The live Zillow value series has rose 1.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 73.3%. Watch those two together — they move before the median does.
Redfin, through August 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Linn Grove?
Priced off the typical home value of $200,678 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $40,136 | $160,542 | $1,071/mo |
| 5% | $10,034 | $190,644 | $1,272/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,071, that implies roughly $45,914 a year before you add taxes and insurance. The median household in Linn Grove earns $67,500, about $21,586 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Linn Grove in the next 12 months?
Tell us your timeline. We send the Linn Grove market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Linn Grove?
Zillow does not publish a rent index (ZORI) for Linn Grove, IA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Linn Grove?
Active listings in Linn Grove, IA went from 1 in August 2021 to 1 in August 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2021 | 1 | not published |
| January 2022 | 1 | 1 |
| August 2025 | 1 | 1 |
Redfin, through August 2025
How does Linn Grove compare to Iowa and the U.S.?
Linn Grove homes sell for $11,000 — 96% below the Iowa median of $258,700. Against the national median of $410,700, Linn Grove runs 97% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Linn Grove, IA | $11,000 | not published | 9 days |
| Iowa statewide | $258,700 | +2.3% | 37 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through August 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Linn Grove
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $201 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $200,678 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Linn Grove listing goes under contract in 9 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 73.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Linn Grove added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +1.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Linn Grove varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Linn Grove
There are currently 1 homes listed for sale in Linn Grove, Iowa. The median listing price is $42K.
Active listings
1
Homes on market
Median list price
$42K
Avg. days on market
9
Days until sale
New this week
1
Newly listed
How much do homes cost in Linn Grove by property type?
How the Linn Grove, IA market breaks down across single-family homes, condos and townhouses. Redfin, through August 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $11,000 | $19/sq ft | 1 | 9 days |
Who lives in Linn Grove?
American Community Survey estimates for Linn Grove. U.S. Census ACS, 2023
Population
165
Households
62
Median income
$67,500/yr
Median age
39.5 years
Owner-occupied
83.9%
Median home value
$57,500
Median gross rent
$695/mo
Mean commute
22.3 min
83.9% of occupied homes in Linn Grove are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $57,500 against Zillow's $200,678 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Linn Grove, IA?
Ordered by distance from Linn Grove, not by size. Compare Linn Grove side by side with any of them.
Linn Grove housing market FAQ
Is Linn Grove a buyer's or seller's market?
Linn Grove, IA is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 9 days, and sellers getting 73.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Linn Grove?
The typical home in Linn Grove, IA is worth $200,678 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $11,000, about $19 per square foot.
Is Linn Grove cheaper than the rest of Iowa?
Linn Grove's median sale price of $11,000 is 96% lower than the Iowa statewide median of $258,700, and 97% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Linn Grove?
Homes in Linn Grove, IA spent a median of 9 days on market before going under contract, versus 37 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Linn Grove?
At the current 30-year fixed rate of 7.03%, 20% down on a $200,678 home is about $1,071 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $45,914 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $67,500.
Are home prices rising in Linn Grove?
The typical home value in Linn Grove, IA rose 1.0% over the last 12 months, from $198,730 to $200,678 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Linn Grove?
Linn Grove ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Linn Grove?
That depends on your timeline, not on a headline. What the data says today: Linn Grove, IA is a seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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