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Featured local agent — Panora, IA
Sarah Mitchell
Compass Real Estate · Panora, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Panora, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$196,000median sale price
How is the Panora, IA housing market right now?
The median home sale price in Panora, IA is $196,000, down 29.4% year-over-year. Homes sell in an average of 8 days with 12 active listings. The market is currently a balanced 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 Panora a buyer's or seller's market?
Panora, IA is currently a balanced market, based on 4.0 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
8
Fast-moving
Active listings
12
4.0 months supply
Sale-to-list
93.2%
Below asking
What does the Panora housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $196,000 |
| Median list price | $189,450 |
| Year-over-year price change | -29.4% |
| Average days on market | 8 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 93.2% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Panora by property type?
How the Panora, 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 | $196,000 | $129/sq ft | 3 | 8 days |
| Townhouse | $200,000 | $200/sq ft | 1 | 678 days |
Source: Redfin · Updated monthly
The Panora housing market is currently classified as a balanced market with a median sale price of $196,000. Prices have fallen 29.4% compared to last year, with homes spending an average of 8 days on market, indicating 4.0 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 7.7x provides context for how home values compare to local earning capacity.
Homes for sale in Panora
There are currently 12 homes listed for sale in Panora, Iowa. The median listing price is $189K.
Active listings
12
Homes on market
Median list price
$189K
Avg. days on market
8
Days until sale
New this week
2
Newly listed
Who lives in Panora?
Population
1,520
Median income
$65,500/yr
Median age
37.6 years
Owner-occupied
73.5%
College grads
20.1%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Panora?
Zillow home value
$506,872
Price-to-income
7.7x
Source: Zillow Research
What is it like to live in Panora?
Panora is a community of approximately 2K residents with a median age of 37.6 years.The median household income is $65,500, which represents a working-class community with solid middle-income opportunities. 20.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 22 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Panora offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Panora?
3 schools tracked · 700 students
The largest public schools serving Panora, 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.
Panorama Elementary
Grades PK-5 · 322 students
Panorama High School
Grades 9-12 · 231 students
Panorama Middle School
Grades 6-8 · 147 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 Panora, IA?
Want a head-to-head view? Compare Panora side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Panora?
The median home sale price in Panora is $196,000, down 29.4% from last year.
How long do homes stay on market in Panora?
Homes typically spend 8 days on market before going under contract.
What is the median income in Panora?
The median household income is $65,500 per year.
Is Panora a buyer's or seller's market?
With 4.0 months of supply, Panora is currently a balanced market.
What is the Zillow home value estimate for Panora?
The Zillow Home Value Index (ZHVI) for Panora is $506,872, representing the typical home value in the area.
How much does a single-family home cost in Panora?
The median single-family home price in Panora, IA is $196,000 (about $129 per square foot).
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