Is Boone, IA 50036 a buyer’s or seller’s market?
Boone is a seller’s market. With about 3.5 months of supply and 14% 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.
More competitive than 38% of U.S. ZIP codes, and #111 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Boone housing market right now
In the three months ending August 31, 2026, 14% of homes in Boone, IA 50036 sold above their list price, the typical home went under contract in 33 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 80 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (14% then), homes sold more slowly (20 days then) and the median sale price rose 20% to $221,654. Overall, Boone is less competitive than a year ago, which gives buyers more room.
Within Boone County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Boone ranks #111 of 156 IA ZIP codes with enough sales (score 39 out of 100).
Nearby, buyers who want less competition could look at Woodward 50276 (0% sold over asking) or Pilot Mound 50223 (0% sold over asking).
Run the numbers for 50036
Nearby markets
Boxholm 50040 $70 /sq ftMadrid 50156Seller’s market $166 /sq ftOgden 50212Balanced $150 /sq ftPilot Mound 50223 — /sq ft Browse all markets →Towns like Boone nearby
Find towns like Boone in other states →Where Boone is
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Questions about Boone real estate
Is Boone a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Boone, IA 50036 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 Boone?
The typical home went under contract in 33 days in the latest three months.
Do homes in Boone sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Boone?
About 1.37% of a home’s value a year in Boone County, or roughly $5,480 on a $400,000 home.
What is the median home price in Boone?
The median sale price was $221,654 in the three months ending August 31, 2026, about $171 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