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Featured local agent — Prairie City, IA
Sarah Mitchell
Compass Real Estate · Prairie City, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Prairie City, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,000median sale price
How is the Prairie City, IA housing market right now?
The median home sale price in Prairie City, IA is $292,000, up 2.5% year-over-year. Homes sell in an average of 4 days with 4 active listings. The market is currently a strong seller'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 Prairie City a buyer's or seller's market?
Prairie City, IA is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
4
Fast-moving
Active listings
4
1.0 months supply
Sale-to-list
98.8%
Below asking
What does the Prairie City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,000 |
| Median list price | $270,000 |
| Year-over-year price change | +2.5% |
| Average days on market | 4 days |
| Active inventory | 4 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Prairie City by property type?
How the Prairie City, 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 | $292,000 | $229/sq ft | 4 | 4 days |
| Condo / Co-op | $210,000 | $170/sq ft | 1 | 91 days |
Source: Redfin · Updated monthly
The Prairie City housing market is currently classified as a strong seller's market with a median sale price of $292,000. Prices have risen 2.5% compared to last year, with homes spending an average of 4 days on market, indicating 1.0 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 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Prairie City
There are currently 4 homes listed for sale in Prairie City, Iowa. The median listing price is $270K.
Active listings
4
Homes on market
Median list price
$270K
Avg. days on market
4
Days until sale
New this week
2
Newly listed
Who lives in Prairie City?
Population
1,649
Median income
$78,269/yr
Median age
37 years
Owner-occupied
76.9%
College grads
29.2%
Avg commute
27 min
Source: U.S. Census Bureau ACS
What are homes worth in Prairie City?
Zillow home value
$276,386
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Prairie City?
Prairie City is a community of approximately 2K residents with a median age of 37 years.The median household income is $78,269, which reflects a relatively affluent area with strong earning potential. 29.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 27 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Prairie City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Prairie City?
2 schools tracked · 552 students
The largest public schools serving Prairie City, 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.
Prairie City Elementary School
Grades PK-5 · 312 students
PCM Middle School
Grades 6-8 · 240 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 Prairie City, IA?
Want a head-to-head view? Compare Prairie City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Prairie City?
The median home sale price in Prairie City is $292,000, up 2.5% from last year.
How long do homes stay on market in Prairie City?
Homes typically spend 4 days on market before going under contract.
What is the median income in Prairie City?
The median household income is $78,269 per year.
Is Prairie City a buyer's or seller's market?
With 1.0 months of supply, Prairie City is currently a strong seller's market.
What is the Zillow home value estimate for Prairie City?
The Zillow Home Value Index (ZHVI) for Prairie City is $276,386, representing the typical home value in the area.
What is the median condo price in Prairie City?
The median condo/co-op sale price in Prairie City, IA is $210,000, compared to $292,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Prairie City?
The median single-family home price in Prairie City, IA is $292,000 (about $229 per square foot).
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