Is Melvin, IA 51350 a buyer’s or seller’s market?
Melvin is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Melvin housing market right now
In the three months ending August 31, 2026, 0% of homes in Melvin, IA 51350 sold above their list price and the typical home went under contract in 25 days. With only 2 sales, these figures can swing a lot from month to month.
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Nearby markets
Ashton 51232Balanced $113 /sq ftHarris 51345 — /sq ftOcheyedan 51354Seller’s market $104 /sq ftSibley 51249Seller’s market $117 /sq ft Browse all markets →Where Melvin is
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Questions about Melvin real estate
How fast do homes sell in Melvin?
The typical home went under contract in 25 days in the latest three months.
Do homes in Melvin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.9% of the list price.
What are property taxes in Melvin?
About 1.13% of a home’s value a year in Osceola County, or roughly $4,520 on a $400,000 home.
What is the median home price in Melvin?
The median sale price was $80,965 in the three months ending August 31, 2026, about $61 per square foot.
Local agents
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More tools for 51350
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology