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Featured local agent — Northwood, IA
Sarah Mitchell
Compass Real Estate · Northwood, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Northwood, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$161,500median sale price
How is the Northwood, IA housing market right now?
The median home sale price in Northwood, IA is $161,500, down 10.3% year-over-year. Homes sell in an average of 78 days with 8 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 Northwood a buyer's or seller's market?
Northwood, IA is currently a buyer's market, based on 8.0 months of supply and homes selling in about 78 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
78
Average pace
Active listings
8
8.0 months supply
Sale-to-list
101.6%
Above asking
What does the Northwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $161,500 |
| Median list price | $125,000 |
| Year-over-year price change | -10.3% |
| Average days on market | 78 days |
| Active inventory | 8 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $122/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Northwood by property type?
How the Northwood, 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 | $161,500 | $122/sq ft | 1 | 78 days |
Source: Redfin · Updated monthly
The Northwood housing market is currently classified as a buyer's market with a median sale price of $161,500. Prices have fallen 10.3% compared to last year, with homes spending an average of 78 days on market, indicating 8.0 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Northwood
There are currently 8 homes listed for sale in Northwood, Iowa. The median listing price is $125K.
Active listings
8
Homes on market
Median list price
$125K
Avg. days on market
78
Days until sale
New this week
2
Newly listed
Who lives in Northwood?
Population
2,170
Median income
$64,615/yr
Median age
46.3 years
Owner-occupied
81.7%
College grads
18.5%
Avg commute
18.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Northwood?
Zillow home value
$211,790
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Northwood?
Northwood is a community of approximately 2K residents with a median age of 46.3 years.The median household income is $64,615, which represents a working-class community with solid middle-income opportunities. 18.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Northwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Northwood?
2 schools tracked · 575 students
The largest public schools serving Northwood, 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.
Northwood-Kensett Elementary
Grades PK-5 · 294 students
Northwood-Kensett MIddle/High School
Grades 6-12 · 281 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 Northwood, IA?
Want a head-to-head view? Compare Northwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Northwood?
The median home sale price in Northwood is $161,500, down 10.3% from last year.
How long do homes stay on market in Northwood?
Homes typically spend 78 days on market before going under contract.
What is the median income in Northwood?
The median household income is $64,615 per year.
Is Northwood a buyer's or seller's market?
With 8.0 months of supply, Northwood is currently a buyer's market.
What is the Zillow home value estimate for Northwood?
The Zillow Home Value Index (ZHVI) for Northwood is $211,790, representing the typical home value in the area.
How much does a single-family home cost in Northwood?
The median single-family home price in Northwood, IA is $161,500 (about $122 per square foot).
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