Is Archer, IA 51231 a buyer’s or seller’s market?
Archer is a seller’s market. With about 1.1 months of supply and 0% 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 Archer housing market right now
In the three months ending August 31, 2026, 0% of homes in Archer, IA 51231 sold above their list price, the typical home went under contract in 155 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, 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 50%, homes sold more slowly (4 days then) and the median sale price fell 41% to $134,942. Overall, Archer is less competitive than a year ago, which gives buyers more room.
Within O'Brien County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Sanborn 51248 (25% sold over asking) and Hartley 51346 (25% sold over asking) are even more competitive.
Run the numbers for 51231
Nearby markets
Calumet 51009 — /sq ftGranville 51022 $104 /sq ftHartley 51346Balanced $127 /sq ftPaullina 51046Buyer’s market $96 /sq ft Browse all markets →Where Archer is
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Questions about Archer real estate
Is Archer a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Archer, IA 51231 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 Archer?
The typical home went under contract in 155 days in the latest three months.
Do homes in Archer sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Archer?
About 0.98% of a home’s value a year in O'Brien County, or roughly $3,920 on a $400,000 home.
What is the median home price in Archer?
The median sale price was $134,942 in the three months ending August 31, 2026, about $153 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