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Featured local agent — Luther, IA
Sarah Mitchell
Compass Real Estate · Luther, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Luther, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$315,000median sale price
How is the Luther, IA housing market right now?
The median home sale price in Luther, IA is $315,000. Homes sell in an average of 167 days. 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 Luther a buyer's or seller's market?
Luther, IA is currently a leaning buyer's and homes selling in about 167 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
167
Average pace
Active listings
—
Sale-to-list
96.9%
Below asking
What does the Luther housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Average days on market | 167 days |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $118/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Luther by property type?
How the Luther, 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 | $315,000 | $118/sq ft | 1 | 167 days |
Source: Redfin · Updated monthly
The Luther housing market is currently classified as a leaning buyer's with a median sale price of $315,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 167 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Luther
Explore homes currently listed for sale in Luther, Iowa across major real estate platforms.
Who lives in Luther?
Population
130
Median income
$86,667/yr
Median age
54.6 years
Owner-occupied
86.5%
College grads
19.6%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Luther?
Luther is a community of approximately 0K residents with a median age of 54.6 years.The median household income is $86,667, which reflects a relatively affluent area with strong earning potential. 19.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 86.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Luther offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Luther, IA?
Want a head-to-head view? Compare Luther side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Luther?
The median home sale price in Luther is $315,000, down 0.0% from last year.
How long do homes stay on market in Luther?
Homes typically spend 167 days on market before going under contract.
What is the median income in Luther?
The median household income is $86,667 per year.
How much does a single-family home cost in Luther?
The median single-family home price in Luther, IA is $315,000 (about $118 per square foot).
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