Is Iola, KS 66749 a buyer’s or seller’s market?
Iola is a seller’s market. With about 3.5 months of supply and 4% 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.
More competitive than 20% of U.S. ZIP codes, and #117 of 122 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 August 31, 2026. See the breakdown
The Iola housing market right now
In the three months ending August 31, 2026, 4% of homes in Iola, KS 66749 sold above their list price, the typical home went under contract in 39 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold faster (44 days then) and the median sale price fell 17% to $114,950. Overall, Iola is about as competitive as it was a year ago.
On our competition score, Iola ranks #117 of 122 KS ZIP codes with enough sales (score 25 out of 100).
Nearby, buyers who want less competition could look at Moran 66755 (0% sold over asking), while La Harpe 66751 (50% sold over asking) and Humboldt 66748 (20% sold over asking) are even more competitive.
Run the numbers for 66749
Nearby markets
Elsmore 66732 — /sq ftHumboldt 66748Seller’s market $55 /sq ftLa Harpe 66751 $104 /sq ftMoran 66755Balanced $112 /sq ft Browse all markets →Towns like Iola nearby
Find towns like Iola in other states →Where Iola is
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Questions about Iola real estate
Is Iola a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Iola, KS 66749 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 Iola?
The typical home went under contract in 39 days in the latest three months.
Do homes in Iola sell over asking?
4% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Iola?
About 1.67% of a home’s value a year in Allen County, or roughly $6,680 on a $400,000 home.
What is the median home price in Iola?
The median sale price was $114,950 in the three months ending August 31, 2026, about $96 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