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Featured local agent — Spirit Lake, IA
Sarah Mitchell
Compass Real Estate · Spirit Lake, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spirit Lake, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$413,000median sale price
How is the Spirit Lake, IA housing market right now?
The median home sale price in Spirit Lake, IA is $413,000, up 11.8% year-over-year. Homes sell in an average of 32 days with 30 active listings. The market is currently a 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 Spirit Lake a buyer's or seller's market?
Spirit Lake, IA is currently a seller's market, based on 2.3 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
32
Average pace
Active listings
30
2.3 months supply
Sale-to-list
96.2%
Below asking
What does the Spirit Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $413,000 |
| Median list price | $297,400 |
| Year-over-year price change | +11.8% |
| Average days on market | 32 days |
| Active inventory | 30 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 96.2% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 16 |
| Listings with a price cut | 26.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spirit Lake by property type?
How the Spirit Lake, 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 | $409,075 | $167/sq ft | 12 | 31 days |
| Condo / Co-op | $424,000 | $275/sq ft | 1 | 47 days |
| Townhouse | $380,000 | $247/sq ft | 1 | 197 days |
Source: Redfin · Updated monthly
The Spirit Lake housing market is currently classified as a seller's market with a median sale price of $413,000. Prices have risen 11.8% compared to last year, with homes spending an average of 32 days on market, indicating 2.3 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 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Spirit Lake
There are currently 30 homes listed for sale in Spirit Lake, Iowa. The median listing price is $297K.
Active listings
30
Homes on market
Median list price
$297K
Avg. days on market
32
Days until sale
New this week
16
Newly listed
Who lives in Spirit Lake?
Population
5,469
Median income
$73,627/yr
Median age
40.6 years
Owner-occupied
66.2%
College grads
32.0%
Avg commute
13.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Spirit Lake?
Zillow home value
$342,675
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Spirit Lake?
Spirit Lake is a community of approximately 5K residents with a median age of 40.6 years.The median household income is $73,627, which represents a working-class community with solid middle-income opportunities. 32.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 13.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spirit Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spirit Lake?
3 schools tracked · 1,328 students
The largest public schools serving Spirit Lake, 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.
Spirit Lake Elementary School
Grades PK-4 · 568 students
Spirit Lake High School
Grades 9-12 · 396 students
Spirit Lake Middle School
Grades 5-8 · 364 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 Spirit Lake, IA?
Want a head-to-head view? Compare Spirit Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spirit Lake?
The median home sale price in Spirit Lake is $413,000, up 11.8% from last year.
How long do homes stay on market in Spirit Lake?
Homes typically spend 32 days on market before going under contract.
What is the median income in Spirit Lake?
The median household income is $73,627 per year.
Is Spirit Lake a buyer's or seller's market?
With 2.3 months of supply, Spirit Lake is currently a seller's market.
What is the Zillow home value estimate for Spirit Lake?
The Zillow Home Value Index (ZHVI) for Spirit Lake is $342,675, representing the typical home value in the area.
What is the median condo price in Spirit Lake?
The median condo/co-op sale price in Spirit Lake, IA is $424,000, compared to $409,075 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spirit Lake?
The median single-family home price in Spirit Lake, IA is $409,075 (about $167 per square foot).
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