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MELVIN, IA 51350

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

Market Analysis

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

The MELVIN, IA real estate market (51350) currently shows 1 active listings. Homes are averaging 30 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 30 days on market compared to 36 days last year.

The median listing price has fallen 92.9% year-over-year, from $649,000 to $46,267.

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.

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Market Context

Market Context

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

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

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$46,267
⇩ 92.9% vs $649,000 last year
Average Price
$46,267
⇩ 92.9% vs $649,000 last year
Days on Market
30
⇩ 16.7% vs 36 days last year

Price Per Square Foot

Median $/sqft
$58
⇩ 83% vs $341/sqft last year
Median Home Size
792 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
98%
Listings with no price change
Price Reduced
2%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 30 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $46,267 (-92.9% YoY)
  • Average: $46,267 (-92.9% 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 — 120 listings ($54,271,866 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51248Sanborn, IA 512487.8 mi7$2,294,033$371,250$327,719
51346Hartley, IA 5134610.9 mi7$1,147,160$160,000$163,880
51345Harris, IA 5134511.3 mi1$595,000$595,000$595,000
51231Archer, IA 5123115.7 mi1$429,000$429,000$429,000
51245Primghar, IA 5124515.9 mi4$564,000$134,500$141,000
51347Lake Park, IA 5134716.4 mi8$3,020,000$347,700$377,500
51237George, IA 5123720.3 mi5$1,293,190$168,375$258,638
51238Hospers, IA 5123821.8 mi1$269,000$269,000$269,000
51234Boyden, IA 5123422.6 mi7$1,904,000$190,000$272,000
51058Sutherland, IA 5105823.3 mi4$2,331,332$346,250$582,833
51355Okoboji, IA 5135523.7 mi71$39,760,781$269,000$560,011
51046Paullina, IA 5104623.9 mi3$582,120$156,975$194,040
51009Calumet, IA 5100925.2 mi1$82,250$82,250$82,250

Frequently Asked Questions

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

As of July 2026, there are 1 active listings in MELVIN, IA (zip code 51350), compared to 1 the prior year.

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

The median listing price in MELVIN, IA 51350 is $46,267 as of July 2026, a 92.9% decrease from $649,000 the prior year.

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

Homes in MELVIN, IA 51350 spend an average of 30 days on the market before going under contract, compared to 36 days the prior year.

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

Based on current inventory and days-on-market data as of July 2026, MELVIN, IA 51350 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 30 days on market compared to 36 days last year.

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 $925 compared to a typical 5% commission on the median listing price of $46,267. 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.