Is Sioux Rapids, IA 50585 a buyer’s or seller’s market?
Sioux Rapids is a seller’s market. With about 1.9 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Sioux Rapids housing market right now
In the three months ending August 31, 2026, 40% of homes in Sioux Rapids, IA 50585 sold above their list price, the typical home went under contract in 74 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 38%, homes sold more slowly (62 days then) and the median sale price fell 3% to $154,933. Overall, Sioux Rapids is about as competitive as it was a year ago.
Within Buena Vista County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Alta 51002 (0% sold over asking) or Newell 50568 (0% sold over asking), while Marathon 50565 (50% sold over asking) is even more competitive.
Run the numbers for 50585
Nearby markets
Albert City 50510 — /sq ftAlta 51002Seller’s market $118 /sq ftMarathon 50565 $45 /sq ftNewell 50568Seller’s market $95 /sq ft Browse all markets →Towns like Sioux Rapids nearby
Find towns like Sioux Rapids in other states →Where Sioux Rapids is
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Questions about Sioux Rapids real estate
Is Sioux Rapids a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Sioux Rapids, IA 50585 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 Sioux Rapids?
The typical home went under contract in 74 days in the latest three months.
Do homes in Sioux Rapids sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Sioux Rapids?
About 1.21% of a home’s value a year in Buena Vista County, or roughly $4,840 on a $400,000 home.
What is the median home price in Sioux Rapids?
The median sale price was $154,933 in the three months ending August 31, 2026, about $84 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