Is Belmond, IA 50421 a buyer’s or seller’s market?
Belmond is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Belmond housing market right now
In the three months ending August 31, 2026, 0% of homes in Belmond, IA 50421 sold above their list price, the typical home went under contract in 35 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 fell from 50%, homes sold more slowly (25 days then) and the median sale price fell 17% to $149,435. Overall, Belmond is less competitive than a year ago, which gives buyers more room.
Within Wright County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Woolstock 50599 (100% sold over asking) is even more competitive.
Run the numbers for 50421
Nearby markets
Clarion 50525Buyer’s market $98 /sq ftDows 50071 — /sq ftEagle Grove 50533Buyer’s market $76 /sq ftGoldfield 50542Balanced $90 /sq ft Browse all markets →Towns like Belmond nearby
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Questions about Belmond real estate
Is Belmond a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Belmond, IA 50421 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 Belmond?
The typical home went under contract in 35 days in the latest three months.
Do homes in Belmond sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.
What are property taxes in Belmond?
About 1.51% of a home’s value a year in Wright County, or roughly $6,040 on a $400,000 home.
What is the median home price in Belmond?
The median sale price was $149,435 in the three months ending August 31, 2026, about $91 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