Is Panora, IA 50216 a buyer’s or seller’s market?

The Panora housing market right now

In the three months ending August 31, 2026, 7% of homes in Panora, IA 50216 sold above their list price, the typical home went under contract in 41 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold more slowly (22 days then) and the median sale price fell 20% to $399,827. Overall, Panora is less competitive than a year ago, which gives buyers more room.

Within Guthrie County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Panora ranks #130 of 156 IA ZIP codes with enough sales (score 27 out of 100).

Nearby, buyers who want less competition could look at Yale 50277 (0% sold over asking) or Coon Rapids 50058 (0% sold over asking), while Guthrie Center 50115 (20% sold over asking) is even more competitive.