Is Monona, IA 52159 a buyer’s or seller’s market?
Monona is a seller’s market. With about 0.6 months of supply and 27% 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.
More competitive than 86% of U.S. ZIP codes, and #11 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Monona housing market right now
In the three months ending August 31, 2026, 27% of homes in Monona, IA 52159 sold above their list price, the typical home went under contract in 3 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price rose 48% to $214,907. Overall, Monona is more competitive than a year ago, so tougher for buyers.
Within Allamakee County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 86%. On our competition score, Monona ranks #11 of 156 IA ZIP codes with enough sales (score 81 out of 100).
Nearby, buyers who want less competition could look at Waukon 52172 (0% sold over asking) or New Albin 52160 (0% sold over asking), while Waterville 52170 (100% sold over asking) is even more competitive.
Run the numbers for 52159
Nearby markets
Dorchester 52140 $121 /sq ftHarpers Ferry 52146Seller’s market $198 /sq ftLansing 52151Balanced $167 /sq ftNew Albin 52160Seller’s market $160 /sq ft Browse all markets →Towns like Monona nearby
Find towns like Monona in other states →Where Monona is
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Questions about Monona real estate
Is Monona a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Monona, IA 52159 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 Monona?
The typical home went under contract in 3 days in the latest three months.
Do homes in Monona sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What are property taxes in Monona?
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 Monona?
The median sale price was $214,907 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