Is Larrabee, IA 51029 a buyer’s or seller’s market?
Larrabee 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.
The Larrabee housing market right now
In the three months ending August 31, 2026, 0% of homes in Larrabee, IA 51029 sold above their list price and the typical home went under contract in 7 days. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $274,881, or about $116 per square foot.
Within Cherokee County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Cherokee 51012 (7% sold over asking) is even more competitive.
Run the numbers for 51029
Nearby markets
Aurelia 51005Balanced $93 /sq ftCherokee 51012Buyer’s market $83 /sq ftCleghorn 51014 — /sq ftMarcus 51035Seller’s market $109 /sq ft Browse all markets →Where Larrabee is
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Questions about Larrabee real estate
How fast do homes sell in Larrabee?
The typical home went under contract in 7 days in the latest three months.
Do homes in Larrabee sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Larrabee?
About 0.99% of a home’s value a year in Cherokee County, or roughly $3,960 on a $400,000 home.
What is the median home price in Larrabee?
The median sale price was $274,881 in the three months ending August 31, 2026, about $116 per square foot.
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More tools for 51029
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology