Is Runnells, IA 50237 a buyer’s or seller’s market?
Runnells is a seller’s market. With about 2.6 months of supply and 40% 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 Runnells housing market right now
In the three months ending August 31, 2026, 40% of homes in Runnells, IA 50237 sold above their list price, the typical home went under contract in 24 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (36 days then) and the median sale price rose 47% to $449,805. Overall, Runnells is more competitive than a year ago, so tougher for buyers.
Within Polk County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 97%.
Nearby, buyers who want less competition could look at Sheldahl 50243 (0% sold over asking) or Alleman 50007 (0% sold over asking).
Run the numbers for 50237
Nearby markets
Alleman 50007Seller’s market $165 /sq ftAltoona 50009Seller’s market $237 /sq ftAnkeny 50021Seller’s market $229 /sq ftAnkeny 50023Seller’s market $231 /sq ft Browse all markets →Towns like Runnells nearby
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Questions about Runnells real estate
Is Runnells a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Runnells, IA 50237 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 Runnells?
The typical home went under contract in 24 days in the latest three months.
Do homes in Runnells sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Runnells?
About 1.68% of a home’s value a year in Polk County, or roughly $6,720 on a $400,000 home.
What is the median home price in Runnells?
The median sale price was $449,805 in the three months ending August 31, 2026, about $300 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