Is Portsmouth, IA 51565 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Portsmouth is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Portsmouth housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Shelby County, IA

Population	516
Median income	$103,257
Average income	$92,405
Median home value	$182,100
Median rent	$833/month
Owner-occupied	64% of homes
Median year built	1938

Natural hazard riskTornadoes (very high), hail (very high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 51565; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 51565

Prefilled for 51565Can I win this house?Multiple-offer likelihood for a listing Prefilled for 51565Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Defiance 51527Seller’s market $86 /sq ft Earling 51530 $64 /sq ft Elk Horn 51531Seller’s market $107 /sq ft Harlan 51537Seller’s market $108 /sq ft Browse all markets →

Where Portsmouth is

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Questions about Portsmouth real estate

What are property taxes in Portsmouth?

About 1.28% of a home’s value a year in Shelby County, or roughly $5,120 on a $400,000 home.

Local agents

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More tools for 51565

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