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Is Leon, IA 50144 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Leon is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$108▲ +24.8% vs. last year

The Leon housing market right now

In the three months ending August 31, 2026, 0% of homes in Leon, IA 50144 sold above their list price, the typical home went under contract in 23 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 faster (38 days then) and the median sale price rose 27% to $126,395. Overall, Leon is more competitive than a year ago, so tougher for buyers.

Run the numbers for 50144

Prefilled for 50144Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50144Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Davis City 50065Seller’s market $120 /sq ftLamoni 50140 — /sq ftVan Wert 50262 — /sq ft Browse all markets →

Towns like Leon nearby

Find towns like Leon in other states →
Chariton, IA50049 · 30 miles away85% similarlarger · 7 min shorter commute Afton, IA50830 · 32 miles away85% similarmore homeowners Osceola, IA50213 · 20 miles away82% similarpricier homes ($35K more) · larger Corydon, IA50060 · 22 miles away80% similarolder residents · 8 min shorter commute

Where Leon is

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Questions about Leon real estate

Is Leon a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Leon, IA 50144 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 Leon?

The typical home went under contract in 23 days in the latest three months.

Do homes in Leon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.

What are property taxes in Leon?

About 1.61% of a home’s value a year in Decatur County, or roughly $6,440 on a $400,000 home.

What is the median home price in Leon?

The median sale price was $126,395 in the three months ending August 31, 2026, about $108 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