Is Packwood, IA 52580 a buyer’s or seller’s market?
Packwood is a seller’s market. With about 3.2 months of supply and 50% 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 Packwood housing market right now
In the three months ending August 31, 2026, 50% of homes in Packwood, IA 52580 sold above their list price, the typical home went under contract in 44 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 2 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 (50% then), homes sold faster (71 days then) and the median sale price rose 6% to $214,857. Overall, Packwood is more competitive than a year ago, so tougher for buyers.
Within Jefferson County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Lockridge 52635 (0% sold over asking) or Brighton 52540 (0% sold over asking).
Run the numbers for 52580
Nearby markets
Batavia 52533Seller’s market $132 /sq ftBrighton 52540Seller’s market $90 /sq ftFairfield 52556Balanced $131 /sq ftLibertyville 52567 — /sq ft Browse all markets →Where Packwood is
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Questions about Packwood real estate
Is Packwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Packwood, IA 52580 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 Packwood?
The typical home went under contract in 44 days in the latest three months.
Do homes in Packwood sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Packwood?
About 1.41% of a home’s value a year in Jefferson County, or roughly $5,640 on a $400,000 home.
What is the median home price in Packwood?
The median sale price was $214,857 in the three months ending August 31, 2026, about $128 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