Storm Lake, IA

Buyer's market-24.1% YoY

Housing market overview · Updated weekly

$149,900median sale price

Homes sold

5

Last 12 weeks

Days on market

55

Average pace

Active listings

27

5.4 months supply

Sale-to-list

96.3%

Below asking

The Storm Lake housing market is currently classified as a buyer's market with a median sale price of $149,900. Prices have fallen 24.1% compared to last year, with homes spending an average of 55 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Storm Lake

There are currently 27 homes listed for sale in Storm Lake, Iowa. The median listing price is $209K.

Active listings

27

Homes on market

Median list price

$209K

Avg. days on market

55

Days until sale

New this week

11

Newly listed

Price drops:14.8%of listings
Sale-to-list:96.3%

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Frequently asked questions

What is the average home price in Storm Lake?

The median home sale price in Storm Lake is $149,900, down 24.1% from last year.

How long do homes stay on market in Storm Lake?

Homes typically spend 55 days on market before going under contract.

Is Storm Lake a buyer's or seller's market?

With 5.4 months of supply, Storm Lake is currently a buyer's market.

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