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Is Nora Springs, IA 50458 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Nora Springs is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list98.6%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$89▼ −2.3% vs. last year

The Nora Springs housing market right now

In the three months ending August 31, 2026, 14% of homes in Nora Springs, IA 50458 sold above their list price, the typical home went under contract in 56 days and there were 5 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 7 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 25%, homes sold faster (91 days then) and the median sale price rose 40% to $175,924. Overall, Nora Springs is about as competitive as it was a year ago.

Nearby, buyers who want less competition could look at Rudd 50471 (0% sold over asking) or Floyd 50435 (0% sold over asking), while Charles City 50616 (18% sold over asking) is even more competitive.

Run the numbers for 50458

Prefilled for 50458Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50458Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Charles City 50616Seller’s market $99 /sq ftFloyd 50435Seller’s market $78 /sq ftMarble Rock 50653 — /sq ftRockford 50468 — /sq ft Browse all markets →

Towns like Nora Springs nearby

Find towns like Nora Springs in other states →
Saint Ansgar, IA50472 · 18 miles away90% similarpricier homes ($47K more) Shell Rock, IA50670 · 37 miles away87% similarVery close on income, prices and more Rockwell, IA50469 · 15 miles away82% similarlower income ($28K less) · pricier homes ($54K more) Northwood, IA50459 · 24 miles away82% similarlower income ($28K less)

Where Nora Springs is

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Questions about Nora Springs real estate

Is Nora Springs a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Nora Springs, IA 50458 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 Nora Springs?

The typical home went under contract in 56 days in the latest three months.

Do homes in Nora Springs sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.

What are property taxes in Nora Springs?

About 1.34% of a home’s value a year in Floyd County, or roughly $5,360 on a $400,000 home.

What is the median home price in Nora Springs?

The median sale price was $175,924 in the three months ending August 31, 2026, about $89 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