Is Wadena, IA 52169 a buyer’s or seller’s market?
Wadena 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 Wadena housing market right now
In the three months ending August 31, 2026, 0% of homes in Wadena, IA 52169 sold above their list price, the typical home went under contract in 181 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 was about the same (0% then), homes sold more slowly (11 days then) and the median sale price rose 163% to $438,810. Overall, Wadena is less competitive than a year ago, which gives buyers more room.
Within Fayette County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Oelwein 50662 (28% sold over asking) and Elgin 52141 (17% sold over asking) are even more competitive.
Run the numbers for 52169
Nearby markets
Arlington 50606 — /sq ftClermont 52135 $74 /sq ftElgin 52141Seller’s market $99 /sq ftFayette 52142Seller’s market $105 /sq ft Browse all markets →Where Wadena is
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Questions about Wadena real estate
Is Wadena a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Wadena, IA 52169 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 Wadena?
The typical home went under contract in 181 days in the latest three months.
Do homes in Wadena 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 Wadena?
About 1.30% of a home’s value a year in Fayette County, or roughly $5,200 on a $400,000 home.
What is the median home price in Wadena?
The median sale price was $438,810 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