Is Larchwood, IA 51241 a buyer’s or seller’s market?
Larchwood is a seller’s market. With about 3.2 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 Larchwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Larchwood, IA 51241 sold above their list price, the typical home went under contract in 204 days and there were 3.2 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 was about the same (0% then), homes sold more slowly (73 days then) and the median sale price rose 135% to $499,784. Overall, Larchwood is less competitive than a year ago, which gives buyers more room.
Within Lyon County, homes here sell more slowly, and 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 51241
Nearby markets
Doon 51235 $189 /sq ftGeorge 51237Buyer’s market $89 /sq ftInwood 51240Balanced $123 /sq ftLittle Rock 51243 — /sq ft Browse all markets →Towns like Larchwood nearby
Find towns like Larchwood in other states →Where Larchwood is
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Questions about Larchwood real estate
Is Larchwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Larchwood, IA 51241 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 Larchwood?
The typical home went under contract in 204 days in the latest three months.
Do homes in Larchwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Larchwood?
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 Larchwood?
The median sale price was $499,784 in the three months ending August 31, 2026, about $145 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