Is Letts, IA 52754 a buyer’s or seller’s market?
Letts is a seller’s market. With about 2.4 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 Letts housing market right now
In the three months ending August 31, 2026, 50% of homes in Letts, IA 52754 sold above their list price, the typical home went under contract in 10 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 0%, homes sold about as fast and the median sale price fell 65% to $156,432. Overall, Letts is more competitive than a year ago, so tougher for buyers.
Within Muscatine County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Nichols 52766 (0% sold over asking) or Moscow 52760 (0% sold over asking), while West Liberty 52776 (60% sold over asking) is even more competitive.
Run the numbers for 52754
Nearby markets
Atalissa 52720 — /sq ftDurant 52747Seller’s market $178 /sq ftFruitland 52749 $136 /sq ftMoscow 52760 $229 /sq ft Browse all markets →Towns like Letts nearby
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Questions about Letts real estate
Is Letts a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Letts, IA 52754 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 Letts?
The typical home went under contract in 10 days in the latest three months.
Do homes in Letts sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What are property taxes in Letts?
About 1.50% of a home’s value a year in Muscatine County, or roughly $6,000 on a $400,000 home.
What is the median home price in Letts?
The median sale price was $156,432 in the three months ending August 31, 2026, about $131 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