Is Mallard, IA 50562 a buyer’s or seller’s market?

The Mallard housing market right now

In the three months ending August 31, 2026, 0% of homes in Mallard, IA 50562 sold above their list price, the typical home went under contract in 169 days and there were 9.6 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.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (55 days then) and the median sale price fell 70% to $19,991. Overall, Mallard is less competitive than a year ago, which gives buyers more room.

Within Palo Alto County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Graettinger 51342 (67% sold over asking) and Ayrshire 50515 (50% sold over asking) are even more competitive.