Is Sioux City, IA 51109 a buyer’s or seller’s market?
Sioux City is a seller’s market. With about 3.6 months of supply and 22% 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 City housing market right now
In the three months ending August 31, 2026, 22% of homes in Sioux City, IA 51109 sold above their list price, the typical home went under contract in 32 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (22% then), homes sold more slowly (14 days then) and the median sale price rose 9% to $224,903. Overall, Sioux City is less competitive than a year ago, which gives buyers more room.
Within Plymouth County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Westfield 51062 (0% sold over asking) or Remsen 51050 (0% sold over asking), while Akron 51001 (38% sold over asking) is even more competitive.
Run the numbers for 51109
Nearby markets
Akron 51001Seller’s market $119 /sq ftHinton 51024Seller’s market $185 /sq ftKingsley 51028Buyer’s market $202 /sq ftLe Mars 51031Seller’s market $145 /sq ft Browse all markets →Towns like Sioux City nearby
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Questions about Sioux City real estate
Is Sioux City a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Sioux City, IA 51109 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 City?
The typical home went under contract in 32 days in the latest three months.
Do homes in Sioux City sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Sioux City?
About 1.07% of a home’s value a year in Plymouth County, or roughly $4,280 on a $400,000 home.
What is the median home price in Sioux City?
The median sale price was $224,903 in the three months ending August 31, 2026, about $149 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