Is Lorimor, IA 50149 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lorimor 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Lorimor housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Madison County, IA

Population	883
Median income	$59,167
Average income	$80,605
Median home value	$136,200
Median rent	$836/month
Owner-occupied	82% of homes
Median year built	1944

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 50149; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 50149

Prefilled for 50149Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50149Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cumming 50061Balanced $197 /sq ft Dexter 50070Seller’s market $174 /sq ft Earlham 50072Seller’s market $176 /sq ft Macksburg 50155Seller’s market $151 /sq ft Browse all markets →

Where Lorimor is

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Questions about Lorimor real estate

What are property taxes in Lorimor?

About 1.48% of a home’s value a year in Madison County, or roughly $5,920 on a $400,000 home.

Local agents

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More tools for 50149

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 Madison County property taxes Madison 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