Is Essex, IA 51638 a buyer’s or seller’s market?
Essex is a seller’s market. With about 3.2 months of supply and 0% 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 Essex housing market right now
In the three months ending August 31, 2026, 0% of homes in Essex, IA 51638 sold above their list price, the typical home went under contract in 27 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 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (35 days then) and the median sale price rose 207% to $724,686. Overall, Essex is less competitive than a year ago, which gives buyers more room.
Within Page County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Shenandoah 51601 (10% sold over asking) is even more competitive.
Run the numbers for 51638
Nearby markets
Clarinda 51632Seller’s market $130 /sq ftCoin 51636 — /sq ftCollege Springs 51637 — /sq ftNorthboro 51647 $83 /sq ft Browse all markets →Towns like Essex nearby
Find towns like Essex in other states →Where Essex is
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Questions about Essex real estate
Is Essex a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Essex, IA 51638 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 Essex?
The typical home went under contract in 27 days in the latest three months.
Do homes in Essex sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Essex?
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 Essex?
The median sale price was $724,686 in the three months ending August 31, 2026, about $162 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