Is Russell, IA 50238 a buyer’s or seller’s market?
Russell 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 Russell housing market right now
In the three months ending August 31, 2026, 0% of homes in Russell, IA 50238 sold above their list price and the typical home went under contract in 1 day. With only 1 sale, 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 50%, homes sold faster (192 days then) and the median sale price rose 132% to $169,926. Overall, Russell is more competitive than a year ago, so tougher for buyers.
Nearby, Williamson 50272 (50% sold over asking) and Chariton 50049 (8% sold over asking) are even more competitive.
Run the numbers for 50238
Nearby markets
Chariton 50049Buyer’s market $107 /sq ftLucas 50151 — /sq ftWilliamson 50272 $83 /sq ft Browse all markets →Towns like Russell nearby
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Questions about Russell real estate
How fast do homes sell in Russell?
The typical home went under contract in 1 days in the latest three months.
Do homes in Russell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.9% of the list price.
What are property taxes in Russell?
About 1.37% of a home’s value a year in Lucas County, or roughly $5,480 on a $400,000 home.
What is the median home price in Russell?
The median sale price was $169,926 in the three months ending August 31, 2026, about $68 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