Is Westphalia, IA 51578 a buyer’s or seller’s market?
Westphalia 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.
The Westphalia housing market right now
In the three months ending August 31, 2026, 0% of homes in Westphalia, IA 51578 sold above their list price and the typical home went under contract in 5 days. With only 1 sale, these figures can swing a lot from month to month.
Within Shelby County, homes here sell faster, and 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 51578
Nearby markets
Defiance 51527Seller’s market $86 /sq ftEarling 51530 $64 /sq ftElk Horn 51531Seller’s market $107 /sq ftHarlan 51537Seller’s market $108 /sq ft Browse all markets →Where Westphalia is
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Questions about Westphalia real estate
How fast do homes sell in Westphalia?
The typical home went under contract in 5 days in the latest three months.
Do homes in Westphalia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Westphalia?
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 Westphalia?
The median sale price was $229,901 in the three months ending August 31, 2026, about $137 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