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PETERSON, IA 51047

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

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$66,500
⇩ 33.4% vs $99,900 last year
Average Price
$66,500
⇩ 33.4% vs $99,900 last year
Days on Market
67
⇩ 20.2% vs 84 days last year

Market Context

Population: 690  ·  Density: 3.5/mi²  ·  Median household income: $85,417

Typical home value: $126,862  ·  Homeownership: 90.7%

Market Analysis

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

The PETERSON, IA real estate market (51047) currently shows 2 active listings. Homes are averaging 67 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 67 days on market compared to 84 days last year.

The median listing price has fallen 33.4% year-over-year, from $99,900 to $66,500.

Whether you are buying or selling in PETERSON, 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 1 last year
  • Days on market: 67 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $66,500 (-33.4% YoY)
  • Average: $66,500 (-33.4% 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 24.9 miles — 100 listings ($24,152,805 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51047Peterson, IA 510470.0 mi2$133,000$66,500$66,500
51058Sutherland, IA 510586.5 mi5$2,605,000$342,500$521,000
51009Calumet, IA 510099.8 mi1$105,000$105,000$105,000
51005Aurelia, IA 5100515.2 mi4$646,668$175,000$161,667
51037Meriden, IA 5103716.3 mi1$268,500$268,500$268,500
51002Alta, IA 5100216.5 mi2$443,000$221,500$221,500
51012Cherokee, IA 5101216.8 mi28$4,956,728$174,000$177,026
51346Hartley, IA 5134618.1 mi7$1,359,575$207,450$194,225
51338Everly, IA 5133818.8 mi3$318,750$106,250$106,250
50588Storm Lake, IA 5058821.5 mi37$10,423,418$242,000$281,714
51231Archer, IA 5123122.7 mi1$429,000$429,000$429,000
51248Sanborn, IA 5124824.0 mi7$2,432,500$378,250$347,500
50515Ayrshire, IA 5051524.9 mi2$31,666$13,500$15,833

Frequently Asked Questions

How many homes are for sale in PETERSON, IA 51047?

As of January 2026, there are 2 active listings in PETERSON, IA (zip code 51047), compared to 1 the prior year.

What is the median home price in PETERSON, IA 51047?

The median listing price in PETERSON, IA 51047 is $66,500 as of January 2026, a 33.4% decrease from $99,900 the prior year.

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

Homes in PETERSON, IA 51047 spend an average of 67 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in PETERSON, IA 51047?

Based on current inventory and days-on-market data as of January 2026, PETERSON, IA 51047 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 67 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PETERSON, IA 51047 save an estimated $1,330 compared to a typical 5% commission on the median listing price of $66,500. 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.