Is Le Grand, IA 50142 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Le Grand is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market58Listing to accepted offer

Median price per sq ft$155▲ +1.9% vs. last year

The Le Grand housing market right now

In the three months ending August 31, 2026, 0% of homes in Le Grand, IA 50142 sold above their list price and the typical home went under contract in 58 days. With only 2 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 67%, homes sold more slowly (6 days then) and the median sale price rose 1% to $172,425. Overall, Le Grand is less competitive than a year ago, which gives buyers more room.

Within Marshall County, homes here sell faster than in 50% 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.

About the area

Marshall County, IA

Population	720
Median income	$76,250
Average income	$82,846
Median home value	$145,700
Median rent	$533/month
Owner-occupied	93% of homes
Median year built	1974

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 50142; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 50142

Prefilled for 50142Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50142Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albion 50005 $77 /sq ft Ferguson 50078 $82 /sq ft Gilman 50106Seller’s market $138 /sq ft Laurel 50141 $95 /sq ft Browse all markets →

Where Le Grand is

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Questions about Le Grand real estate

How fast do homes sell in Le Grand?

The typical home went under contract in 58 days in the latest three months.

Do homes in Le Grand sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.

What are property taxes in Le Grand?

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 Le Grand?

The median sale price was $172,425 in the three months ending August 31, 2026, about $155 per square foot.

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More tools for 50142

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Marshall County property taxes Marshall County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

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