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Is Lu Verne, IA 50560 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lu Verne is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.9%Sold price ÷ list price
Median days on market97Listing to accepted offer
Median price per sq ft$78

The Lu Verne housing market right now

In the three months ending August 31, 2026, 0% of homes in Lu Verne, IA 50560 sold above their list price, the typical home went under contract in 97 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Within Kossuth County, homes here sell more slowly than in 86% 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 50560

Prefilled for 50560Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50560Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Lu Verne is

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Questions about Lu Verne real estate

Is Lu Verne a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Lu Verne, IA 50560 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 Lu Verne?

The typical home went under contract in 97 days in the latest three months.

Do homes in Lu Verne 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 Lu Verne?

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 Lu Verne?

The median sale price was $74,968 in the three months ending August 31, 2026, about $78 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