Is Reasnor, IA 50232 a buyer’s or seller’s market?
Reasnor is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Reasnor housing market right now
In the three months ending August 31, 2026, 0% of homes in Reasnor, IA 50232 sold above their list price, the typical home went under contract in 146 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Jasper County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Kellogg 50135 (33% sold over asking) and Newton 50208 (18% sold over asking) are even more competitive.
Run the numbers for 50232
Nearby markets
Baxter 50028Buyer’s market $203 /sq ftColfax 50054Seller’s market $143 /sq ftIra 50127 — /sq ftKellogg 50135Balanced $157 /sq ft Browse all markets →Where Reasnor is
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Questions about Reasnor real estate
Is Reasnor a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Reasnor, IA 50232 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 Reasnor?
The typical home went under contract in 146 days in the latest three months.
Do homes in Reasnor sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Reasnor?
About 1.41% of a home’s value a year in Jasper County, or roughly $5,640 on a $400,000 home.
What is the median home price in Reasnor?
The median sale price was $324,859 in the three months ending August 31, 2026, about $305 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