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MENLO, IA 50164

Real Estate Market Report  ·  Adair County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
2
100% pending ratio
Median Price
$199,000
⇩ 8.3% vs $217,000 last year
Average Price
$199,000
⇩ 8.3% vs $217,000 last year
Days on Market
283
⇧ 988.5% vs 26 days last year

Market Context

Population: 679  ·  Density: 5.3/mi²  ·  Median household income: $75,875

Typical home value: $0  ·  Homeownership: 91.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The MENLO, IA real estate market (50164) currently shows 2 active listings, with 2 pending sales. Homes are averaging 283 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 283 days on market compared to 26 days last year.

The median listing price has fallen 8.3% year-over-year, from $217,000 to $199,000.

Whether you are buying or selling in MENLO, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 283 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $199,000 (-8.3% YoY)
  • Average: $199,000 (-8.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.7 miles — 113 listings ($55,884,226 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
50164Menlo, IA 501640.0 mi2$398,000$199,000$199,000
50048Casey, IA 500485.1 mi4$1,332,000$399,000$333,000
50002Adair, IA 5000211.7 mi7$1,583,631$207,700$226,233
50849Greenfield, IA 5084913.8 mi7$13,457,500$327,500$1,922,500
50115Guthrie Center, IA 5011514.7 mi8$2,036,232$259,900$254,529
50146Linden, IA 5014615.4 mi1$519,000$519,000$519,000
50020Anita, IA 5002017.7 mi4$1,036,500$181,250$259,125
50858Orient, IA 5085820.0 mi2$420,000$210,000$210,000
50003Adel, IA 5000321.0 mi69$32,086,863$379,997$465,027
50155Macksburg, IA 5015523.0 mi2$645,000$322,500$322,500
50076Exira, IA 5007623.5 mi4$730,500$184,000$182,625
50026Bagley, IA 5002624.8 mi1$45,000$45,000$45,000
50167Minburn, IA 5016725.7 mi2$1,594,000$797,000$797,000

Frequently Asked Questions

How many homes are for sale in MENLO, IA 50164?

As of January 2026, there are 2 active listings in MENLO, IA (zip code 50164), compared to 3 the prior year.

What is the median home price in MENLO, IA 50164?

The median listing price in MENLO, IA 50164 is $199,000 as of January 2026, a 8.3% decrease from $217,000 the prior year.

How long do homes stay on the market in MENLO, IA?

Homes in MENLO, IA 50164 spend an average of 283 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in MENLO, IA 50164?

Based on current inventory and days-on-market data as of January 2026, MENLO, IA 50164 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 283 days on market compared to 26 days last year.

How much can I save on real estate commission in MENLO, IA?

With SELL123.com's maximum 3% commission, sellers in MENLO, IA 50164 save an estimated $3,980 compared to a typical 5% commission on the median listing price of $199,000. 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.