Is Toledo, IA 52342 a buyer’s or seller’s market?
Toledo is a seller’s market. With about 3.2 months of supply and 33% 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 Toledo housing market right now
In the three months ending August 31, 2026, 33% of homes in Toledo, IA 52342 sold above their list price, the typical home went under contract in 22 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 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (52 days then) and the median sale price rose 34% to $197,415. Overall, Toledo is more competitive than a year ago, so tougher for buyers.
Within Tama County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Chelsea 52215 (0% sold over asking) or Garwin 50632 (0% sold over asking).
Run the numbers for 52342
Nearby markets
Buckingham 50612 — /sq ftChelsea 52215Balanced $102 /sq ftClutier 52217 — /sq ftElberon 52225 — /sq ft Browse all markets →Towns like Toledo nearby
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Questions about Toledo real estate
Is Toledo a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Toledo, IA 52342 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 Toledo?
The typical home went under contract in 22 days in the latest three months.
Do homes in Toledo sell over asking?
33% 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 Toledo?
About 1.37% of a home’s value a year in Tama County, or roughly $5,480 on a $400,000 home.
What is the median home price in Toledo?
The median sale price was $197,415 in the three months ending August 31, 2026, about $102 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