Is Westgate, IA 50681 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Westgate is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list91.4%Sold price ÷ list price

Median days on market10Listing to accepted offer

Median price per sq ft$174▲ +55.1% vs. last year

The Westgate housing market right now

In the three months ending August 31, 2026, 0% of homes in Westgate, IA 50681 sold above their list price and the typical home went under contract in 10 days. 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 fell from 100%, homes sold about as fast and the median sale price rose 39% to $319,862. Overall, Westgate is less competitive than a year ago, which gives buyers more room.

Within Fayette County, homes here sell faster 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, Oelwein 50662 (28% sold over asking) and Elgin 52141 (17% sold over asking) are even more competitive.

About the area

Fayette County, IA

Population	481
Median income	$73,333
Average income	$112,353
Median home value	$112,500
Median rent	$633/month
Owner-occupied	86% of homes
Median year built	1938

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 50681; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 50681

Prefilled for 50681Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50681Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arlington 50606 — /sq ft Clermont 52135 $74 /sq ft Elgin 52141Seller’s market $99 /sq ft Fayette 52142Seller’s market $105 /sq ft Browse all markets →

Where Westgate is

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Questions about Westgate real estate

How fast do homes sell in Westgate?

The typical home went under contract in 10 days in the latest three months.

Do homes in Westgate sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.4% of the list price.

What are property taxes in Westgate?

About 1.30% of a home’s value a year in Fayette County, or roughly $5,200 on a $400,000 home.

What is the median home price in Westgate?

The median sale price was $319,862 in the three months ending August 31, 2026, about $174 per square foot.

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Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Fayette County property taxes Fayette County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology