Is Lakota, IA 50451 a buyer’s or seller’s market?
Lakota is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lakota housing market right now
In the three months ending August 31, 2026, 0% of homes in Lakota, IA 50451 sold above their list price and the typical home went under contract in 27 days. With only 1 sale, 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 (142 days then) and the median sale price fell 91% to $19,991. Overall, Lakota is more competitive than a year ago, so tougher for buyers.
Within Kossuth County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Algona 50511 (32% sold over asking) is even more competitive.
Run the numbers for 50451
Nearby markets
Algona 50511Buyer’s market $117 /sq ftBancroft 50517Buyer’s market $35 /sq ftBurt 50522 — /sq ftFenton 50539 — /sq ft Browse all markets →Where Lakota is
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Questions about Lakota real estate
How fast do homes sell in Lakota?
The typical home went under contract in 27 days in the latest three months.
Do homes in Lakota sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 71.7% of the list price.
What are property taxes in Lakota?
About 1.00% of a home’s value a year in Kossuth County, or roughly $4,000 on a $400,000 home.
What is the median home price in Lakota?
The median sale price was $19,991 in the three months ending August 31, 2026.
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More tools for 50451
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology