Is Gilman, IA 50106 a buyer’s or seller’s market?
Gilman is a seller’s market. With about 1.1 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.
The Gilman housing market right now
In the three months ending August 31, 2026, 0% of homes in Gilman, IA 50106 sold above their list price, the typical home went under contract in 25 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 (23 days then) and the median sale price fell 42% to $124,946. Overall, Gilman is about as competitive as it was a year ago.
Within Marshall County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Albion 50005 (40% sold over asking) and Marshalltown 50158 (29% sold over asking) are even more competitive.
Run the numbers for 50106
Nearby markets
Albion 50005 $77 /sq ftFerguson 50078 $82 /sq ftLaurel 50141 $95 /sq ftLe Grand 50142 $155 /sq ft Browse all markets →Towns like Gilman nearby
Find towns like Gilman in other states →Where Gilman is
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Questions about Gilman real estate
Is Gilman a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Gilman, IA 50106 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 Gilman?
The typical home went under contract in 25 days in the latest three months.
Do homes in Gilman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Gilman?
About 1.42% of a home’s value a year in Marshall County, or roughly $5,680 on a $400,000 home.
What is the median home price in Gilman?
The median sale price was $124,946 in the three months ending August 31, 2026, about $138 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