Is Inwood, IA 51240 a buyer’s or seller’s market?
Inwood is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Inwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Inwood, IA 51240 sold above their list price, the typical home went under contract in 92 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 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 (0% then), homes sold more slowly (42 days then) and the median sale price rose 24% to $254,890. Overall, Inwood is less competitive than a year ago, which gives buyers more room.
Within Lyon County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, George 51237 (100% sold over asking) is even more competitive.
Run the numbers for 51240
Nearby markets
Doon 51235 $189 /sq ftGeorge 51237Buyer’s market $89 /sq ftLarchwood 51241Seller’s market $145 /sq ftLittle Rock 51243 — /sq ft Browse all markets →Towns like Inwood nearby
Find towns like Inwood in other states →Where Inwood is
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Questions about Inwood real estate
Is Inwood a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Inwood, IA 51240 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 Inwood?
The typical home went under contract in 92 days in the latest three months.
Do homes in Inwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.3% of the list price.
What are property taxes in Inwood?
About 0.87% of a home’s value a year in Lyon County, or roughly $3,480 on a $400,000 home.
What is the median home price in Inwood?
The median sale price was $254,890 in the three months ending August 31, 2026, about $123 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