Is Terril, IA 51364 a buyer’s or seller’s market?
Terril is a seller’s market. With about 1.1 months of supply and 0% 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 Terril housing market right now
In the three months ending August 31, 2026, 0% of homes in Terril, IA 51364 sold above their list price, the typical home went under contract in 34 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (25 days then) and the median sale price fell 69% to $74,968. Overall, Terril is less competitive than a year ago, which gives buyers more room.
Within Dickinson County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Milford 51351 (17% sold over asking) and Spirit Lake 51360 (15% sold over asking) are even more competitive.
Run the numbers for 51364
Nearby markets
Arnolds Park 51331Seller’s market $344 /sq ftLake Park 51347Buyer’s market $157 /sq ftMilford 51351Balanced $184 /sq ftOkoboji 51355Seller’s market $340 /sq ft Browse all markets →Where Terril is
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Questions about Terril real estate
Is Terril a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Terril, IA 51364 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 Terril?
The typical home went under contract in 34 days in the latest three months.
Do homes in Terril sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 85.0% of the list price.
What are property taxes in Terril?
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 Terril?
The median sale price was $74,968 in the three months ending August 31, 2026, about $47 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