Is Pacific Junction, IA 51561 a buyer’s or seller’s market?
Pacific Junction is a seller’s market. With about 3.2 months of supply and 50% 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 Pacific Junction housing market right now
In the three months ending August 31, 2026, 50% of homes in Pacific Junction, IA 51561 sold above their list price, the typical home went under contract in 144 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 2 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 (152 days then) and the median sale price rose 45% to $395,079. Overall, Pacific Junction is more competitive than a year ago, so tougher for buyers.
Within Mills County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Glenwood 51534 (12% sold over asking) or Silver City 51571 (33% sold over asking), while Henderson 51541 (100% sold over asking) is even more competitive.
Run the numbers for 51561
Nearby markets
Glenwood 51534Seller’s market $177 /sq ftHastings 51540 — /sq ftHenderson 51541 $145 /sq ftMalvern 51551Seller’s market $250 /sq ft Browse all markets →Towns like Pacific Junction nearby
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Questions about Pacific Junction real estate
Is Pacific Junction a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Pacific Junction, IA 51561 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 Pacific Junction?
The typical home went under contract in 144 days in the latest three months.
Do homes in Pacific Junction sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 90.5% of the list price.
What are property taxes in Pacific Junction?
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 Pacific Junction?
The median sale price was $395,079 in the three months ending August 31, 2026, about $139 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