Is Okoboji, IA 51355 a buyer’s or seller’s market?
Okoboji is a seller’s market. With about 3.2 months of supply and 11% 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.
More competitive than 17% of U.S. ZIP codes, and #139 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Okoboji housing market right now
In the three months ending August 31, 2026, 11% of homes in Okoboji, IA 51355 sold above their list price, the typical home went under contract in 66 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. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (70 days then) and the median sale price rose 23% to $365,842. Overall, Okoboji is more competitive than a year ago, so tougher for buyers.
Within Dickinson County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Okoboji ranks #139 of 156 IA ZIP codes with enough sales (score 23 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.
Run the numbers for 51355
Nearby markets
Arnolds Park 51331Seller’s market $344 /sq ftLake Park 51347Buyer’s market $157 /sq ftMilford 51351Balanced $184 /sq ftSpirit Lake 51360Buyer’s market $253 /sq ft Browse all markets →Towns like Okoboji nearby
Find towns like Okoboji in other states →Where Okoboji is
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Questions about Okoboji real estate
Is Okoboji a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Okoboji, IA 51355 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 Okoboji?
The typical home went under contract in 66 days in the latest three months.
Do homes in Okoboji sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Okoboji?
About 0.92% of a home’s value a year in Dickinson County, or roughly $3,680 on a $400,000 home.
What is the median home price in Okoboji?
The median sale price was $365,842 in the three months ending August 31, 2026, about $340 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