Is Glenwood, IA 51534 a buyer’s or seller’s market?
Glenwood is a seller’s market. With about 2.8 months of supply and 12% 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 39% of U.S. ZIP codes, and #109 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 Glenwood housing market right now
In the three months ending August 31, 2026, 12% of homes in Glenwood, IA 51534 sold above their list price, the typical home went under contract in 33 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 26 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (22 days then) and the median sale price rose 41% to $464,799. Overall, Glenwood is less competitive than a year ago, which gives buyers more room.
Within Mills County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Glenwood ranks #109 of 156 IA ZIP codes with enough sales (score 40 out of 100).
Nearby, Henderson 51541 (100% sold over asking) and Pacific Junction 51561 (50% sold over asking) are even more competitive.
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Nearby markets
Hastings 51540 — /sq ftHenderson 51541 $145 /sq ftMalvern 51551Seller’s market $250 /sq ftPacific Junction 51561Seller’s market $139 /sq ft Browse all markets →Towns like Glenwood nearby
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Questions about Glenwood real estate
Is Glenwood a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Glenwood, IA 51534 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 Glenwood?
The typical home went under contract in 33 days in the latest three months.
Do homes in Glenwood sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Glenwood?
About 1.47% of a home’s value a year in Mills County, or roughly $5,880 on a $400,000 home.
What is the median home price in Glenwood?
The median sale price was $464,799 in the three months ending August 31, 2026, about $177 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