Is Rock Rapids, IA 51246 a buyer’s or seller’s market?
Rock Rapids is a buyer’s market. With about 8.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Rock Rapids housing market right now
In the three months ending August 31, 2026, 0% of homes in Rock Rapids, IA 51246 sold above their list price, the typical home went under contract in 49 days and there were 8.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 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 38%, homes sold more slowly (19 days then) and the median sale price rose 50% to $282,878. Overall, Rock Rapids is less competitive than a year ago, which gives buyers more room.
Within Lyon County, homes here sell faster, 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 51246
Nearby markets
Doon 51235 $189 /sq ftGeorge 51237Buyer’s market $89 /sq ftInwood 51240Balanced $123 /sq ftLarchwood 51241Seller’s market $145 /sq ft Browse all markets →Towns like Rock Rapids nearby
Find towns like Rock Rapids in other states →Where Rock Rapids is
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Questions about Rock Rapids real estate
Is Rock Rapids a buyer’s or seller’s market?
A buyer’s market: there were 8.4 months of supply in Rock Rapids, IA 51246 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 Rock Rapids?
The typical home went under contract in 49 days in the latest three months.
Do homes in Rock Rapids sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Rock Rapids?
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 Rock Rapids?
The median sale price was $282,878 in the three months ending August 31, 2026, about $116 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