Is State Center, IA 50247 a buyer’s or seller’s market?
State Center 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 State Center housing market right now
In the three months ending August 31, 2026, 0% of homes in State Center, IA 50247 sold above their list price, the typical home went under contract in 64 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 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (16 days then) and the median sale price rose 8% to $254,390. Overall, State Center is less competitive than a year ago, which gives buyers more room.
Within Marshall County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Albion 50005 (40% sold over asking) and Marshalltown 50158 (29% sold over asking) are even more competitive.
Run the numbers for 50247
Nearby markets
Albion 50005 $77 /sq ftFerguson 50078 $82 /sq ftGilman 50106Seller’s market $138 /sq ftLaurel 50141 $95 /sq ft Browse all markets →Towns like State Center nearby
Find towns like State Center in other states →Where State Center is
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Questions about State Center real estate
Is State Center a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in State Center, IA 50247 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 State Center?
The typical home went under contract in 64 days in the latest three months.
Do homes in State Center sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in State Center?
About 1.42% of a home’s value a year in Marshall County, or roughly $5,680 on a $400,000 home.
What is the median home price in State Center?
The median sale price was $254,390 in the three months ending August 31, 2026, about $139 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