Is Morning Sun, IA 52640 a buyer’s or seller’s market?
Morning Sun is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Morning Sun housing market right now
In the three months ending August 31, 2026, 0% of homes in Morning Sun, IA 52640 sold above their list price, the typical home went under contract in 98 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 fell from 20%, homes sold more slowly (63 days then) and the median sale price rose 18% to $176,674. Overall, Morning Sun is less competitive than a year ago, which gives buyers more room.
Nearby, Conesville 52739 (50% sold over asking) and Wapello 52653 (20% sold over asking) are even more competitive.
Run the numbers for 52640
Nearby markets
Columbus City 52737 — /sq ftColumbus Junction 52738Seller’s market $117 /sq ftConesville 52739Seller’s market $167 /sq ftGrandview 52752 — /sq ft Browse all markets →Towns like Morning Sun nearby
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Questions about Morning Sun real estate
Is Morning Sun a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Morning Sun, IA 52640 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 Morning Sun?
The typical home went under contract in 98 days in the latest three months.
Do homes in Morning Sun sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Morning Sun?
About 1.17% of a home’s value a year in Louisa County, or roughly $4,680 on a $400,000 home.
What is the median home price in Morning Sun?
The median sale price was $176,674 in the three months ending August 31, 2026, about $155 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