Is Clear Lake, IA 50428 a buyer’s or seller’s market?

The Clear Lake housing market right now

In the three months ending August 31, 2026, 13% of homes in Clear Lake, IA 50428 sold above their list price, the typical home went under contract in 69 days and there were 5.9 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. That’s based on 58 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (85 days then) and the median sale price rose 17% to $436,311. Overall, Clear Lake is more competitive than a year ago, so tougher for buyers.

Within Cerro Gordo County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Clear Lake ranks #145 of 156 IA ZIP codes with enough sales (score 16 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), while Mason City 50401 (25% sold over asking) is even more competitive.