Is Truro, IA 50257 a buyer’s or seller’s market?
Truro is a seller’s market. With about 1.6 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 Truro housing market right now
In the three months ending August 31, 2026, 0% of homes in Truro, IA 50257 sold above their list price, the typical home went under contract in 49 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 faster (77 days then) and the median sale price rose 111% to $366,841. Overall, Truro is more competitive than a year ago, so tougher for buyers.
Within Madison County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Macksburg 50155 (100% sold over asking) and Saint Charles 50240 (33% sold over asking) are even more competitive.
Run the numbers for 50257
Nearby markets
Cumming 50061Balanced $197 /sq ftDexter 50070Seller’s market $174 /sq ftEarlham 50072Seller’s market $176 /sq ftLorimor 50149 — /sq ft Browse all markets →Where Truro is
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Questions about Truro real estate
Is Truro a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Truro, IA 50257 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 Truro?
The typical home went under contract in 49 days in the latest three months.
Do homes in Truro sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Truro?
About 1.48% of a home’s value a year in Madison County, or roughly $5,920 on a $400,000 home.
What is the median home price in Truro?
The median sale price was $366,841 in the three months ending August 31, 2026, about $217 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