Is Allison, IA 50602 a buyer’s or seller’s market?
Allison is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Allison housing market right now
In the three months ending August 31, 2026, 25% of homes in Allison, IA 50602 sold above their list price, the typical home went under contract in 23 days and there were 4.8 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 4 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 0%, homes sold more slowly (16 days then) and the median sale price fell 5% to $168,677. Overall, Allison is more competitive than a year ago, so tougher for buyers.
Within Butler County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 86%.
Nearby, buyers who want less competition could look at New Hartford 50660 (0% sold over asking) or Dumont 50625 (0% sold over asking).
Run the numbers for 50602
Nearby markets
Aplington 50604Seller’s market $133 /sq ftBristow 50611 — /sq ftClarksville 50619 $112 /sq ftDumont 50625Balanced $98 /sq ft Browse all markets →Towns like Allison nearby
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Questions about Allison real estate
Is Allison a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Allison, IA 50602 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 Allison?
The typical home went under contract in 23 days in the latest three months.
Do homes in Allison sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Allison?
About 1.35% of a home’s value a year in Butler County, or roughly $5,400 on a $400,000 home.
What is the median home price in Allison?
The median sale price was $168,677 in the three months ending August 31, 2026, about $108 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