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Is Dakota City, NE 68731 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Dakota City is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100.7%Sold price ÷ list price
Median days on market40Listing to accepted offer
Median price per sq ft$156▲ +23.0% vs. last year

The Dakota City housing market right now

In the three months ending August 31, 2026, 0% of homes in Dakota City, NE 68731 sold above their list price, the typical home went under contract in 40 days and there were 5.3 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 3 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 (0% then), homes sold faster (137 days then) and the median sale price rose 3% to $328,358. Overall, Dakota City is more competitive than a year ago, so tougher for buyers.

Nearby, South Sioux City 68776 (17% sold over asking) is even more competitive.

Run the numbers for 68731

Prefilled for 68731Can I win this house?Multiple-offer likelihood for a listing Prefilled for 68731Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Homer 68030Seller’s market $117 /sq ftHubbard 68741 — /sq ftJackson 68743Seller’s market $138 /sq ftSouth Sioux City 68776Seller’s market $150 /sq ft Browse all markets →

Towns like Dakota City nearby

Find towns like Dakota City in other states →
Sioux City, IA51108 · 12 miles away85% similarcheaper homes ($36K less) · larger Sioux City, IA51109 · 10 miles away84% similarcheaper homes ($75K less) · older homes Onawa, IA51040 · 30 miles away84% similarcheaper homes ($54K less) · older homes Elk Point, SD57025 · 27 miles away76% similarpricier homes ($32K more) · 5 min longer commute

Where Dakota City is

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Questions about Dakota City real estate

Is Dakota City a buyer’s or seller’s market?

A balanced market: there were 5.3 months of supply in Dakota City, NE 68731 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 Dakota City?

The typical home went under contract in 40 days in the latest three months.

Do homes in Dakota City sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.

What are property taxes in Dakota City?

About 1.54% of a home’s value a year in Dakota County, or roughly $6,160 on a $400,000 home.

What is the median home price in Dakota City?

The median sale price was $328,358 in the three months ending August 31, 2026, about $156 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