Is Dorchester, IA 52140 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Dorchester 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 list0%Share of sales, last 3 months

Median sale-to-list97.1%Sold price ÷ list price

Median days on market280Listing to accepted offer

Median price per sq ft$121

The Dorchester housing market right now

In the three months ending August 31, 2026, 0% of homes in Dorchester, IA 52140 sold above their list price and the typical home went under contract in 280 days. 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 was about the same (0% then), homes sold faster (714 days then) and the median sale price rose 12% to $339,853. Overall, Dorchester is more competitive than a year ago, so tougher for buyers.

Within Allamakee County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Waterville 52170 (100% sold over asking) and Monona 52159 (27% sold over asking) are even more competitive.

About the area

Allamakee County, IA

Population	671
Median income	$72,188
Average income	$129,616
Median home value	$208,300
Owner-occupied	90% of homes
Median year built	1986

Natural hazard riskTornadoes (relatively high), hail (relatively high), extreme heat (moderate)

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 52140; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 52140

Prefilled for 52140Can I win this house?Multiple-offer likelihood for a listing Prefilled for 52140Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Harpers Ferry 52146Seller’s market $198 /sq ft Lansing 52151Balanced $167 /sq ft Monona 52159Seller’s market $110 /sq ft New Albin 52160Seller’s market $160 /sq ft Browse all markets →

Where Dorchester is

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Questions about Dorchester real estate

How fast do homes sell in Dorchester?

The typical home went under contract in 280 days in the latest three months.

Do homes in Dorchester sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.

What are property taxes in Dorchester?

About 1.27% of a home’s value a year in Allamakee County, or roughly $5,080 on a $400,000 home.

What is the median home price in Dorchester?

The median sale price was $339,853 in the three months ending August 31, 2026, about $121 per square foot.

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Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Allamakee County property taxes Allamakee County loan limits Closing costs in Iowa Hottest ZIP codes in Iowa

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