Is Colo, IA 50056 a buyer’s or seller’s market?
Colo is a seller’s market. With about 3.7 months of supply and 50% 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.
The Colo housing market right now
In the three months ending August 31, 2026, 50% of homes in Colo, IA 50056 sold above their list price, the typical home went under contract in 11 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold faster (15 days then) and the median sale price fell 20% to $199,913. Overall, Colo is less competitive than a year ago, which gives buyers more room.
Within Story County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Zearing 50278 (0% sold over asking) or Mc Callsburg 50154 (0% sold over asking).
Run the numbers for 50056
Nearby markets
Ames 50010Seller’s market $190 /sq ftAmes 50014Seller’s market $211 /sq ftCambridge 50046Balanced $243 /sq ftCollins 50055Seller’s market $199 /sq ft Browse all markets →Towns like Colo nearby
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Questions about Colo real estate
Is Colo a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Colo, IA 50056 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 Colo?
The typical home went under contract in 11 days in the latest three months.
Do homes in Colo sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Colo?
About 1.40% of a home’s value a year in Story County, or roughly $5,600 on a $400,000 home.
What is the median home price in Colo?
The median sale price was $199,913 in the three months ending August 31, 2026, about $148 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