Is Arnolds Park, IA 51331 a buyer’s or seller’s market?

The Arnolds Park housing market right now

In the three months ending August 31, 2026, 5% of homes in Arnolds Park, IA 51331 sold above their list price, the typical home went under contract in 91 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold more slowly (56 days then) and the median sale price fell 7% to $549,762. Overall, Arnolds Park is less competitive than a year ago, which gives buyers more room.

Within Dickinson County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 60%. On our competition score, Arnolds Park ranks #140 of 156 IA ZIP codes with enough sales (score 21 out of 100).

Nearby, buyers who want less competition could look at Terril 51364 (0% sold over asking) or Lake Park 51347 (0% sold over asking), while Milford 51351 (17% sold over asking) and Spirit Lake 51360 (15% sold over asking) are even more competitive.