OfferBackedBuyer Tools

Is Scranton, IA 51462 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Scranton is a seller’s market. With about 3.2 months of supply and 25% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft—

The Scranton housing market right now

In the three months ending August 31, 2026, 25% of homes in Scranton, IA 51462 sold above their list price, the typical home went under contract in 21 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 4 sales, these figures can swing a lot from month to month.

Within Greene County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Rippey 50235 (0% sold over asking) or Grand Junction 50107 (0% sold over asking).

Run the numbers for 51462

Prefilled for 51462Can I win this house?Multiple-offer likelihood for a listing Prefilled for 51462Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Churdan 50050Balanced $86 /sq ftGrand Junction 50107Seller’s market $67 /sq ftJefferson 50129Buyer’s market $117 /sq ftRippey 50235Buyer’s market $40 /sq ft Browse all markets →

Towns like Scranton nearby

Find towns like Scranton in other states →
Coon Rapids, IA50058 · 11 miles away93% similarlarger Arcadia, IA51430 · 25 miles away86% similaryounger residents Manning, IA51455 · 27 miles away80% similarlarger · older residents Glidden, IA51443 · 9 miles away76% similarpricier homes ($45K more) · larger

Where Scranton is

Loading map…

Questions about Scranton real estate

Is Scranton a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Scranton, IA 51462 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 Scranton?

The typical home went under contract in 21 days in the latest three months.

Do homes in Scranton sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in Scranton?

About 1.15% of a home’s value a year in Greene County, or roughly $4,600 on a $400,000 home.

What is the median home price in Scranton?

The median sale price was $15,243 in the three months ending August 31, 2026.

Local agents

See all agents in 51462 →

No sponsored agents in 51462 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 51462

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Greene County property taxesGreene County loan limitsClosing costs in IowaHottest ZIP codes in Iowa
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology