Is Malvern, IA 51551 a buyer’s or seller’s market?
Malvern is a seller’s market. With about 2.1 months of supply and 33% 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 Malvern housing market right now
In the three months ending August 31, 2026, 33% of homes in Malvern, IA 51551 sold above their list price, the typical home went under contract in 61 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (68 days then) and the median sale price rose 22% to $402,326. Overall, Malvern is more competitive than a year ago, so tougher for buyers.
Within Mills County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Glenwood 51534 (12% sold over asking), while Henderson 51541 (100% sold over asking) and Pacific Junction 51561 (50% sold over asking) are even more competitive.
Run the numbers for 51551
Nearby markets
Glenwood 51534Seller’s market $177 /sq ftHastings 51540 — /sq ftHenderson 51541 $145 /sq ftPacific Junction 51561Seller’s market $139 /sq ft Browse all markets →Towns like Malvern nearby
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Questions about Malvern real estate
Is Malvern a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Malvern, IA 51551 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 Malvern?
The typical home went under contract in 61 days in the latest three months.
Do homes in Malvern sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Malvern?
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 Malvern?
The median sale price was $402,326 in the three months ending August 31, 2026, about $250 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