Is Iola, WI 54945 a buyer’s or seller’s market?

The Iola housing market right now

In the three months ending August 31, 2026, 33% of homes in Iola, WI 54945 sold above their list price, the typical home went under contract in 62 days and there were 4.3 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 9 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 (33% then), homes sold more slowly (49 days then) and the median sale price rose 22% to $289,875. Overall, Iola is less competitive than a year ago, which gives buyers more room.

Within Waupaca County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 62%.

Nearby, buyers who want less competition could look at Marion 54950 (25% sold over asking) or Waupaca 54981 (27% sold over asking), while Ogdensburg 54962 (60% sold over asking) and New London 54961 (53% sold over asking) are even more competitive.