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Is Alleman, IA 50007 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Alleman is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94%Sold price ÷ list price
Median days on market161Listing to accepted offer
Median price per sq ft$165

The Alleman housing market right now

In the three months ending August 31, 2026, 0% of homes in Alleman, IA 50007 sold above their list price, the typical home went under contract in 161 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

Within Polk County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Elkhart 50073 (40% sold over asking) and Runnells 50237 (40% sold over asking) are even more competitive.

Run the numbers for 50007

Prefilled for 50007Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50007Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Altoona 50009Seller’s market $237 /sq ftAnkeny 50021Seller’s market $229 /sq ftAnkeny 50023Seller’s market $231 /sq ftBondurant 50035Seller’s market $234 /sq ft Browse all markets →

Where Alleman is

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Questions about Alleman real estate

Is Alleman a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Alleman, IA 50007 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Alleman?

The typical home went under contract in 161 days in the latest three months.

Do homes in Alleman sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.

What are property taxes in Alleman?

About 1.68% of a home’s value a year in Polk County, or roughly $6,720 on a $400,000 home.

What is the median home price in Alleman?

The median sale price was $374,838 in the three months ending August 31, 2026, about $165 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology