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Featured local agent — Neola, IA
Sarah Mitchell
Compass Real Estate · Neola, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Neola, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the Neola, IA housing market right now?
The median home sale price in Neola, IA is $250,000, down 41.9% year-over-year. Homes sell in an average of 54 days with 9 active listings. The market is currently a buyer's market. (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 Neola a buyer's or seller's market?
Neola, IA is currently a buyer's market, based on 9.0 months of supply and homes selling in about 54 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
54
Average pace
Active listings
9
9.0 months supply
Sale-to-list
100.0%
Above asking
What does the Neola housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $410,000 |
| Year-over-year price change | -41.9% |
| Average days on market | 54 days |
| Active inventory | 9 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $182/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Listings with a price cut | 11.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Neola by property type?
How the Neola, 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 | $250,000 | $182/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Neola housing market is currently classified as a buyer's market with a median sale price of $250,000. Prices have fallen 41.9% compared to last year, with homes spending an average of 54 days on market, indicating 9.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Neola
There are currently 9 homes listed for sale in Neola, Iowa. The median listing price is $410K.
Active listings
9
Homes on market
Median list price
$410K
Avg. days on market
54
Days until sale
New this week
3
Newly listed
Who lives in Neola?
Population
1,098
Median income
$68,859/yr
Median age
35.5 years
Owner-occupied
70.8%
College grads
14.4%
Avg commute
26.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Neola?
Zillow home value
$317,282
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Neola?
Neola is a community of approximately 1K residents with a median age of 35.5 years.The median household income is $68,859, which represents a working-class community with solid middle-income opportunities. 14.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Neola offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Neola?
3 schools tracked · 720 students
The largest public schools serving Neola, 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.
Tri-Center Elementary School
Grades PK-5 · 354 students
Tri-Center High School
Grades 9-12 · 226 students
Tri-Center Middle School
Grades 6-8 · 140 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 Neola, IA?
Want a head-to-head view? Compare Neola side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Neola?
The median home sale price in Neola is $250,000, down 41.9% from last year.
How long do homes stay on market in Neola?
Homes typically spend 54 days on market before going under contract.
What is the median income in Neola?
The median household income is $68,859 per year.
Is Neola a buyer's or seller's market?
With 9.0 months of supply, Neola is currently a buyer's market.
What is the Zillow home value estimate for Neola?
The Zillow Home Value Index (ZHVI) for Neola is $317,282, representing the typical home value in the area.
How much does a single-family home cost in Neola?
The median single-family home price in Neola, IA is $250,000 (about $182 per square foot).
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