Is Algona, IA 50511 a buyer’s or seller’s market?
Algona is a buyer’s market. With about 8.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 33% of U.S. ZIP codes, and #119 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 Algona housing market right now
In the three months ending August 31, 2026, 32% of homes in Algona, IA 50511 sold above their list price, the typical home went under contract in 62 days and there were 8.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (51 days then) and the median sale price fell 15% to $162,430. Overall, Algona is more competitive than a year ago, so tougher for buyers.
Within Kossuth County, homes here sell more slowly than in 71% 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, Algona ranks #119 of 156 IA ZIP codes with enough sales (score 35 out of 100).
Nearby, buyers who want less competition could look at Whittemore 50598 (0% sold over asking) or Swea City 50590 (0% sold over asking).
Run the numbers for 50511
Nearby markets
Bancroft 50517Buyer’s market $35 /sq ftBurt 50522 — /sq ftFenton 50539 — /sq ftLakota 50451 — /sq ft Browse all markets →Towns like Algona nearby
Find towns like Algona in other states →Where Algona is
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Questions about Algona real estate
Is Algona a buyer’s or seller’s market?
A buyer’s market: there were 8.1 months of supply in Algona, IA 50511 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 Algona?
The typical home went under contract in 62 days in the latest three months.
Do homes in Algona sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Algona?
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 Algona?
The median sale price was $162,430 in the three months ending August 31, 2026, about $117 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