Is Montezuma, IA 50171 a buyer’s or seller’s market?
Montezuma is a buyer’s market. With about 6.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #155 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Montezuma housing market right now
In the three months ending August 31, 2026, 0% of homes in Montezuma, IA 50171 sold above their list price, the typical home went under contract in 71 days and there were 6.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold more slowly (25 days then) and the median sale price rose 31% to $422,317. Overall, Montezuma is less competitive than a year ago, which gives buyers more room.
On our competition score, Montezuma ranks #155 of 156 IA ZIP codes with enough sales (score 5 out of 100).
Nearby, Grinnell 50112 (14% sold over asking) is even more competitive.
Run the numbers for 50171
Nearby markets
Brooklyn 52211Balanced $188 /sq ftDeep River 52222Seller’s market $74 /sq ftGrinnell 50112Balanced $136 /sq ftGuernsey 52221 — /sq ft Browse all markets →Towns like Montezuma nearby
Find towns like Montezuma in other states →Where Montezuma is
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Questions about Montezuma real estate
Is Montezuma a buyer’s or seller’s market?
A buyer’s market: there were 6.7 months of supply in Montezuma, IA 50171 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 Montezuma?
The typical home went under contract in 71 days in the latest three months.
Do homes in Montezuma sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.0% of the list price.
What are property taxes in Montezuma?
About 1.22% of a home’s value a year in Poweshiek County, or roughly $4,880 on a $400,000 home.
What is the median home price in Montezuma?
The median sale price was $422,317 in the three months ending August 31, 2026, about $269 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