Is Mason City, IA 50401 a buyer’s or seller’s market?
Mason City is a seller’s market. With about 3.9 months of supply and 25% 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.
More competitive than 40% of U.S. ZIP codes, and #105 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Mason City housing market right now
In the three months ending August 31, 2026, 25% of homes in Mason City, IA 50401 sold above their list price, the typical home went under contract in 49 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 126 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (59 days then) and the median sale price rose 4% to $184,920. Overall, Mason City is more competitive than a year ago, so tougher for buyers.
Within Cerro Gordo County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Mason City ranks #105 of 156 IA ZIP codes with enough sales (score 41 out of 100).
Nearby, buyers who want less competition could look at Ventura 50482 (0% sold over asking) or Thornton 50479 (0% sold over asking).
Run the numbers for 50401
Nearby markets
Clear Lake 50428Balanced $232 /sq ftPlymouth 50464Seller’s market $101 /sq ftRock Falls 50467 — /sq ftRockwell 50469Balanced $97 /sq ft Browse all markets →Towns like Mason City nearby
Find towns like Mason City in other states →Where Mason City is
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Questions about Mason City real estate
Is Mason City a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Mason City, IA 50401 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 Mason City?
The typical home went under contract in 49 days in the latest three months.
Do homes in Mason City sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Mason City?
About 1.45% of a home’s value a year in Cerro Gordo County, or roughly $5,800 on a $400,000 home.
What is the median home price in Mason City?
The median sale price was $184,920 in the three months ending August 31, 2026, about $123 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