Is Hamburg, IA 51640 a buyer’s or seller’s market?
Hamburg is a seller’s market. With about 1.3 months of supply and 20% 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 Hamburg housing market right now
In the three months ending August 31, 2026, 20% of homes in Hamburg, IA 51640 sold above their list price, the typical home went under contract in 50 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, 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 33%, homes sold faster (75 days then) and the median sale price rose 205% to $289,875. Overall, Hamburg is less competitive than a year ago, which gives buyers more room.
Within Fremont County, homes here sell more slowly, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Tabor 51653 (0% sold over asking) or Sidney 51652 (0% sold over asking).
Run the numbers for 51640
Nearby markets
Farragut 51639Seller’s market $137 /sq ftRandolph 51649 $143 /sq ftRiverton 51650 — /sq ftSidney 51652Seller’s market $165 /sq ft Browse all markets →Towns like Hamburg nearby
Find towns like Hamburg in other states →Where Hamburg is
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Questions about Hamburg real estate
Is Hamburg a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Hamburg, IA 51640 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 Hamburg?
The typical home went under contract in 50 days in the latest three months.
Do homes in Hamburg sell over asking?
20% 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 Hamburg?
About 1.21% of a home’s value a year in Fremont County, or roughly $4,840 on a $400,000 home.
What is the median home price in Hamburg?
The median sale price was $289,875 in the three months ending August 31, 2026, about $130 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