Is Rock Valley, IA 51247 a buyer’s or seller’s market?
Rock Valley is a seller’s market. With about 3.2 months of supply and 50% 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 Rock Valley housing market right now
In the three months ending August 31, 2026, 50% of homes in Rock Valley, IA 51247 sold above their list price, the typical home went under contract in 15 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 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (245 days then) and the median sale price fell 31% to $198,164. Overall, Rock Valley is more competitive than a year ago, so tougher for buyers.
Within Sioux County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Hull 51239 (0% sold over asking) or Hospers 51238 (0% sold over asking).
Run the numbers for 51247
Nearby markets
Alton 51003Seller’s market $119 /sq ftBoyden 51234 — /sq ftHawarden 51023Balanced $99 /sq ftHospers 51238Buyer’s market $119 /sq ft Browse all markets →Towns like Rock Valley nearby
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Questions about Rock Valley real estate
Is Rock Valley a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Rock Valley, IA 51247 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 Valley?
The typical home went under contract in 15 days in the latest three months.
Do homes in Rock Valley sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 94.0% of the list price.
What are property taxes in Rock Valley?
About 1.12% of a home’s value a year in Sioux County, or roughly $4,480 on a $400,000 home.
What is the median home price in Rock Valley?
The median sale price was $198,164 in the three months ending August 31, 2026, about $78 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