Data as of September 2026. Source: Realtor.com.
The MELBOURNE, IA real estate market (50162) currently shows 2 active listings. Homes are averaging 165 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are taking longer to sell, averaging 165 days on market compared to 89 days last year.
The median listing price has risen 39.8% year-over-year, from $164,475 to $229,950.
Population: 1,302 · Density: 10.0/mi² · Median household income: $75,000
Typical home value: $167,504 · Homeownership: 70.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 50162 | Melbourne, IA 50162 | 0.0 mi | 3 | $622,275 | $207,425 | $207,425 |
| 50247 | State Center, IA 50247 | 8.2 mi | 13 | $3,734,900 | $200,000 | $287,300 |
| 50078 | Ferguson, IA 50078 | 10.6 mi | 1 | $134,900 | $134,900 | $134,900 |
| 50158 | Marshalltown, IA 50158 | 12.1 mi | 94 | $18,086,164 | $164,550 | $192,406 |
| 50056 | Colo, IA 50056 | 13.4 mi | 2 | $379,800 | $189,900 | $189,900 |
| 50005 | Albion, IA 50005 | 14.2 mi | 1 | $153,675 | $153,675 | $153,675 |
| 50208 | Newton, IA 50208 | 14.9 mi | 142 | $37,312,062 | $207,875 | $262,761 |
| 50135 | Kellogg, IA 50135 | 15.3 mi | 6 | $1,025,550 | $170,925 | $170,925 |
| 50148 | Liscomb, IA 50148 | 18.1 mi | 1 | $645,000 | $645,000 | $645,000 |
| 50173 | Montour, IA 50173 | 18.7 mi | 2 | $479,800 | $239,900 | $239,900 |
| 50201 | Nevada, IA 50201 | 20.7 mi | 35 | $12,465,390 | $299,999 | $356,154 |
| 50632 | Garwin, IA 50632 | 21.4 mi | 5 | $1,043,125 | $192,500 | $208,625 |
| 50259 | Gifford, IA 50259 | 22.6 mi | 1 | $157,500 | $157,500 | $157,500 |
As of September 2026, there are 2 active listings in MELBOURNE, IA (zip code 50162), compared to 2 the prior year.
The median listing price in MELBOURNE, IA 50162 is $229,950 as of September 2026, a 39.8% increase from $164,475 the prior year.
Homes in MELBOURNE, IA 50162 spend an average of 165 days on the market before going under contract, compared to 89 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MELBOURNE, IA 50162 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 165 days on market compared to 89 days last year.
With SELL123.com's maximum 3% commission, sellers in MELBOURNE, IA 50162 save an estimated $4,599 compared to a typical 5% commission on the median listing price of $229,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.