Is Shenandoah, IA 51601 a buyer’s or seller’s market?
Shenandoah is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Shenandoah housing market right now
In the three months ending August 31, 2026, 10% of homes in Shenandoah, IA 51601 sold above their list price, the typical home went under contract in 25 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (29 days then) and the median sale price rose 8% to $159,931. Overall, Shenandoah is less competitive than a year ago, which gives buyers more room.
Within Page County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Yorktown 51656 (0% sold over asking) or Northboro 51647 (0% sold over asking).
Run the numbers for 51601
Nearby markets
Clarinda 51632Seller’s market $130 /sq ftCoin 51636 — /sq ftCollege Springs 51637 — /sq ftEssex 51638Seller’s market $162 /sq ft Browse all markets →Towns like Shenandoah nearby
Find towns like Shenandoah in other states →Where Shenandoah is
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Questions about Shenandoah real estate
Is Shenandoah a buyer’s or seller’s market?
A balanced market: there were 5.4 months of supply in Shenandoah, IA 51601 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 Shenandoah?
The typical home went under contract in 25 days in the latest three months.
Do homes in Shenandoah sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.
What are property taxes in Shenandoah?
About 1.41% of a home’s value a year in Page County, or roughly $5,640 on a $400,000 home.
What is the median home price in Shenandoah?
The median sale price was $159,931 in the three months ending August 31, 2026, about $110 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