Is Lansing, IA 52151 a buyer’s or seller’s market?
Lansing is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lansing housing market right now
In the three months ending August 31, 2026, 0% of homes in Lansing, IA 52151 sold above their list price, the typical home went under contract in 75 days and there were 5.8 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. 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 was about the same (0% then), homes sold more slowly (16 days then) and the median sale price fell 2% to $288,875. Overall, Lansing is less competitive than a year ago, which gives buyers more room.
Within Allamakee County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell 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.
Run the numbers for 52151
Nearby markets
Dorchester 52140 $121 /sq ftHarpers Ferry 52146Seller’s market $198 /sq ftMonona 52159Seller’s market $110 /sq ftNew Albin 52160Seller’s market $160 /sq ft Browse all markets →Towns like Lansing nearby
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Questions about Lansing real estate
Is Lansing a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in Lansing, IA 52151 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 Lansing?
The typical home went under contract in 75 days in the latest three months.
Do homes in Lansing sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Lansing?
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 Lansing?
The median sale price was $288,875 in the three months ending August 31, 2026, about $167 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