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PANORA, IA 50216

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PANORA, IA real estate market (50216) currently shows 27 active listings, with 7 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 67 days on market compared to 43 days last year.

The median listing price has fallen 5.1% year-over-year, from $584,950 to $555,000.

Whether you are buying or selling in PANORA, 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 Context

Market Context

Population: 2,844  ·  Density: 21.2/mi²  ·  Median household income: $84,000

Typical home value: $193,257  ·  Homeownership: 84.0%

Market Overview

Active Listings
27
⇧ 17.4% vs 23 last year
Pending
7
26% pending ratio
Median Price
$555,000
⇩ 5.1% vs $584,950 last year
Average Price
$696,699
⇩ 21% vs $882,240 last year
Days on Market
67
⇧ 55.8% vs 43 days last year

Price Per Square Foot

Median $/sqft
$341
⇧ 2.7% vs $332/sqft last year
Median Home Size
1,542 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 23 last year
  • Days on market: 67 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $555,000 (-5.1% YoY)
  • Average: $696,699 (-21% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.2 miles — 523 listings ($230,262,236 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
50216Panora, IA 502160.0 mi20$12,666,120$705,000$633,306
50277Yale, IA 502775.6 mi4$279,932$66,500$69,983
50115Guthrie Center, IA 5011510.6 mi10$2,375,110$259,900$237,511
50164Menlo, IA 5016414.2 mi1$185,000$185,000$185,000
50220Perry, IA 5022015.1 mi32$6,521,920$182,500$203,810
50167Minburn, IA 5016715.9 mi1$681,500$681,500$681,500
50235Rippey, IA 5023517.6 mi3$417,999$188,000$139,333
50072Earlham, IA 5007219.7 mi9$7,527,708$749,500$836,412
50002Adair, IA 5000220.0 mi8$1,671,880$167,500$208,985
50058Coon Rapids, IA 5005820.7 mi7$1,813,000$207,500$259,000
50129Jefferson, IA 5012921.8 mi32$8,739,552$218,500$273,111
50107Grand Junction, IA 5010724.3 mi1$130,000$130,000$130,000
50263Waukee, IA 5026325.2 mi395$187,252,515$429,450$474,057

Frequently Asked Questions

How many homes are for sale in PANORA, IA 50216?

As of March 2026, there are 27 active listings in PANORA, IA (zip code 50216), compared to 23 the prior year.

What is the median home price in PANORA, IA 50216?

The median listing price in PANORA, IA 50216 is $555,000 as of March 2026, a 5.1% decrease from $584,950 the prior year.

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

Homes in PANORA, IA 50216 spend an average of 67 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in PANORA, IA 50216?

Based on current inventory and days-on-market data as of March 2026, PANORA, IA 50216 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 67 days on market compared to 43 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PANORA, IA 50216 save an estimated $11,100 compared to a typical 5% commission on the median listing price of $555,000. 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.