Is Lovilia, IA 50150 a buyer’s or seller’s market?
Lovilia 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.
The Lovilia housing market right now
In the three months ending August 31, 2026, 50% of homes in Lovilia, IA 50150 sold above their list price and the typical home went under contract in 21 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 100%, homes sold more slowly (7 days then) and the median sale price fell 4% to $113,451. Overall, Lovilia is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Albia 52531 (0% sold over asking).
Run the numbers for 50150
Nearby markets
Albia 52531Balanced $87 /sq ftMelrose 52569Buyer’s market $112 /sq ft Browse all markets →Where Lovilia is
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Questions about Lovilia real estate
How fast do homes sell in Lovilia?
The typical home went under contract in 21 days in the latest three months.
Do homes in Lovilia sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.8% of the list price.
What are property taxes in Lovilia?
About 1.37% of a home’s value a year in Monroe County, or roughly $5,480 on a $400,000 home.
What is the median home price in Lovilia?
The median sale price was $113,451 in the three months ending August 31, 2026, about $95 per square foot.
Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology