Is Wapello, IA 52653 a buyer’s or seller’s market?
Wapello is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 39% of U.S. ZIP codes, and #109 of 155 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Wapello housing market right now
In the three months ending August 31, 2026, 20% of homes in Wapello, IA 52653 sold above their list price, the typical home went under contract in 79 days and there were 4.2 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. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (58 days then) and the median sale price rose 12% to $191,917. Overall, Wapello is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Columbus Junction 52738 (0% sold over asking) or Morning Sun 52640 (0% sold over asking), while Conesville 52739 (50% sold over asking) is even more competitive.
Run the numbers for 52653
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 Wapello nearby
Find towns like Wapello in other states →Where Wapello is
Loading map…
Questions about Wapello real estate
Is Wapello a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Wapello, IA 52653 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 Wapello?
The typical home went under contract in 79 days in the latest three months.
Do homes in Wapello sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Wapello?
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 Wapello?
The median sale price was $191,917 in the three months ending August 31, 2026, about $185 per square foot.
Local agents
See all agents in 52653 →No sponsored agents in 52653 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 52653
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology