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Is Eldon, IA 52554 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Eldon is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.3%Sold price ÷ list price
Median days on market164Listing to accepted offer
Median price per sq ft—▼ −87.3% vs. last year

The Eldon housing market right now

In the three months ending August 31, 2026, 0% of homes in Eldon, IA 52554 sold above their list price, the typical home went under contract in 164 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 (30 days then) and the median sale price fell 93% to $6,297. Overall, Eldon is less competitive than a year ago, which gives buyers more room.

Nearby, Agency 52530 (50% sold over asking) and Ottumwa 52501 (14% sold over asking) are even more competitive.

Run the numbers for 52554

Prefilled for 52554Can I win this house?Multiple-offer likelihood for a listing Prefilled for 52554Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Agency 52530Buyer’s market $129 /sq ftBlakesburg 52536 $232 /sq ftEddyville 52553 — /sq ftOttumwa 52501Seller’s market $121 /sq ft Browse all markets →

Towns like Eldon nearby

Find towns like Eldon in other states →
Brighton, IA52540 · 26 miles away76% similarpricier homes ($33K more) · 7 min longer commute Batavia, IA52533 · 6 miles away74% similarpricier homes ($44K more) · 6 min shorter commute Queen City, MO63561 · 40 miles away71% similarpricier homes ($52K more) · newer homes Farmington, IA52626 · 32 miles away69% similarnewer homes

Where Eldon is

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Questions about Eldon real estate

Is Eldon a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Eldon, IA 52554 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 Eldon?

The typical home went under contract in 164 days in the latest three months.

Do homes in Eldon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.

What are property taxes in Eldon?

About 1.58% of a home’s value a year in Wapello County, or roughly $6,320 on a $400,000 home.

What is the median home price in Eldon?

The median sale price was $6,297 in the three months ending August 31, 2026.

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