Is Ellston, IA 50074 a buyer’s or seller’s market?

The Ellston housing market right now

In the three months ending August 31, 2026, 0% of homes in Ellston, IA 50074 sold above their list price, the typical home went under contract in 150 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (116 days then) and the median sale price fell 52% to $549,762. Overall, Ellston is less competitive than a year ago, which gives buyers more room.