Is Defiance, IA 51527 a buyer’s or seller’s market?
Defiance is a seller’s market. With about 3.2 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 Defiance housing market right now
In the three months ending August 31, 2026, 0% of homes in Defiance, IA 51527 sold above their list price, the typical home went under contract in 8 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 1 sale, these figures can swing a lot from month to month.
Within Shelby County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Elk Horn 51531 (25% sold over asking) and Harlan 51537 (24% sold over asking) are even more competitive.
Run the numbers for 51527
Nearby markets
Earling 51530 $64 /sq ftElk Horn 51531Seller’s market $107 /sq ftHarlan 51537Seller’s market $108 /sq ftIrwin 51446 $151 /sq ft Browse all markets →Where Defiance is
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Questions about Defiance real estate
Is Defiance a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Defiance, IA 51527 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 Defiance?
The typical home went under contract in 8 days in the latest three months.
Do homes in Defiance sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Defiance?
About 1.28% of a home’s value a year in Shelby County, or roughly $5,120 on a $400,000 home.
What is the median home price in Defiance?
The median sale price was $134,942 in the three months ending August 31, 2026, about $86 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