Is Iola, TX 77861 a buyer’s or seller’s market?
Iola is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Iola housing market right now
In the three months ending August 31, 2026, 8% of homes in Iola, TX 77861 sold above their list price, the typical home went under contract in 39 days and there were 4.8 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 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (170 days then) and the median sale price rose 12% to $586,746. Overall, Iola is more competitive than a year ago, so tougher for buyers.
Within Grimes County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Anderson 77830 (0% sold over asking) or Plantersville 77363 (0% sold over asking), while Bedias 77831 (14% sold over asking) is even more competitive.
Run the numbers for 77861
Nearby markets
Anderson 77830Balanced $210 /sq ftBedias 77831Seller’s market $217 /sq ftNavasota 77868Buyer’s market $161 /sq ftPlantersville 77363Balanced $197 /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 balanced market: there were 4.8 months of supply in Iola, TX 77861 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?
8% of homes sold above their original list price, and the typical sale closed at 108.0% of the list price.
What are property taxes in Iola?
About 1.02% of a home’s value a year in Grimes County, or roughly $4,080 on a $400,000 home.
What is the median home price in Iola?
The median sale price was $586,746 in the three months ending August 31, 2026, about $252 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