Is Charles City, IA 50616 a buyer’s or seller’s market?
Charles City is a seller’s market. With about 2.7 months of supply and 18% 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.
More competitive than 51% of U.S. ZIP codes, and #80 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 Charles City housing market right now
In the three months ending August 31, 2026, 18% of homes in Charles City, IA 50616 sold above their list price, the typical home went under contract in 49 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 34 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (36 days then) and the median sale price rose 14% to $129,944. Overall, Charles City is more competitive than a year ago, so tougher for buyers.
On our competition score, Charles City ranks #80 of 156 IA ZIP codes with enough sales (score 50 out of 100).
Nearby, buyers who want less competition could look at Rudd 50471 (0% sold over asking) or Floyd 50435 (0% sold over asking).
Run the numbers for 50616
Nearby markets
Floyd 50435Seller’s market $78 /sq ftMarble Rock 50653 — /sq ftNora Springs 50458Balanced $89 /sq ftRockford 50468 — /sq ft Browse all markets →Towns like Charles City nearby
Find towns like Charles City in other states →Where Charles City is
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Questions about Charles City real estate
Is Charles City a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Charles City, IA 50616 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 Charles City?
The typical home went under contract in 49 days in the latest three months.
Do homes in Charles City sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Charles City?
About 1.34% of a home’s value a year in Floyd County, or roughly $5,360 on a $400,000 home.
What is the median home price in Charles City?
The median sale price was $129,944 in the three months ending August 31, 2026, about $99 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