Call or Text (240) SELL-123

MELVIN, IA 51350

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

Market Overview

Active Listings
1
Pending
1
100% pending ratio
Median Price
$139,500
Average Price
$139,500
Days on Market
83

Market Context

Population: 443  ·  Density: 3.8/mi²  ·  Median household income: $63,125

Typical home value: $71,821  ·  Homeownership: 77.2%

Market Analysis

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

The MELVIN, IA real estate market (51350) currently shows 1 active listings, with 1 pending sales. Homes are averaging 83 days on the market before going under contract.

Whether you are buying or selling in MELVIN, 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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MELVIN, IA 51350 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 23.9 miles — 169 listings ($90,382,923 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51350Melvin, IA 513500.0 mi1$139,500$139,500$139,500
51354Ocheyedan, IA 513547.8 mi2$260,000$130,000$130,000
51346Hartley, IA 5134610.9 mi7$1,359,575$207,450$194,225
51338Everly, IA 5133815.5 mi3$318,750$106,250$106,250
56117Bigelow, MN 5611715.8 mi1$145,000$145,000$145,000
51201Sheldon, IA 5120116.0 mi24$7,925,568$274,000$330,232
56167Round Lake, MN 5616719.4 mi1$115,000$115,000$115,000
51351Milford, IA 5135120.7 mi12$17,309,880$1,037,450$1,442,490
56187Worthington, MN 5618721.8 mi33$10,979,463$314,950$332,711
51340Fostoria, IA 5134022.7 mi2$318,000$159,000$159,000
51058Sutherland, IA 5105823.3 mi5$2,605,000$342,500$521,000
51355Okoboji, IA 5135523.7 mi73$47,838,287$269,000$655,319
51046Paullina, IA 5104623.9 mi5$1,068,900$240,000$213,780

Frequently Asked Questions

How many homes are for sale in MELVIN, IA 51350?

As of January 2026, there are 1 active listings in MELVIN, IA (zip code 51350).

What is the median home price in MELVIN, IA 51350?

The median listing price in MELVIN, IA 51350 is $139,500 as of January 2026.

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

Homes in MELVIN, IA 51350 spend an average of 83 days on the market before going under contract.

Is it a seller's or buyer's market in MELVIN, IA 51350?

Based on current inventory and days-on-market data as of January 2026, MELVIN, IA 51350 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in MELVIN, IA 51350 save an estimated $2,790 compared to a typical 5% commission on the median listing price of $139,500. 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.