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SPIRIT LAKE, IA 51360

Real Estate Market Report  ·  Dickinson County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPIRIT LAKE, IA real estate market (51360) currently shows 58 active listings, with 17 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 58 days on market compared to 84 days last year.

The median listing price has risen 37.2% year-over-year, from $439,950 to $603,725.

Whether you are buying or selling in SPIRIT LAKE, 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: 8,533  ·  Density: 31.3/mi²  ·  Median household income: $74,375

Typical home value: $238,990  ·  Homeownership: 75.2%

Market Overview

Active Listings
58
⇩ 12.1% vs 66 last year
Pending
17
29% pending ratio
Median Price
$603,725
⇧ 37.2% vs $439,950 last year
Average Price
$1,060,044
⇧ 54.9% vs $684,432 last year
Days on Market
58
⇩ 31% vs 84 days last year

Price Per Square Foot

Median $/sqft
$283
⇧ 14.6% vs $247/sqft last year
Median Home Size
2,162 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 66 last year
  • Days on market: 58 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $603,725 (+37.2% YoY)
  • Average: $1,060,044 (+54.9% 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 26.9 miles — 174 listings ($109,500,787 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51360Spirit Lake, IA 513600.0 mi53$59,028,008$526,000$1,113,736
51331Arnolds Park, IA 513315.5 mi46$31,737,286$569,900$689,941
51364Terril, IA 5136411.3 mi1$159,000$159,000$159,000
56143Jackson, MN 5614313.8 mi28$6,951,980$188,750$248,285
51334Estherville, IA 5133414.2 mi21$5,488,476$233,750$261,356
51345Harris, IA 5134517.4 mi1$595,000$595,000$595,000
56111Alpha, MN 5611117.5 mi2$798,000$399,000$399,000
51365Wallingford, IA 5136519.8 mi3$312,624$97,225$104,208
51338Everly, IA 5133819.9 mi3$345,000$115,000$115,000
56161Okabena, MN 5616122.2 mi2$365,000$182,500$182,500
51358Ruthven, IA 5135823.2 mi9$2,858,787$164,875$317,643
56121Ceylon, MN 5612124.8 mi2$260,000$130,000$130,000
56119Brewster, MN 5611926.9 mi3$601,626$197,375$200,542

Frequently Asked Questions

How many homes are for sale in SPIRIT LAKE, IA 51360?

As of March 2026, there are 58 active listings in SPIRIT LAKE, IA (zip code 51360), compared to 66 the prior year.

What is the median home price in SPIRIT LAKE, IA 51360?

The median listing price in SPIRIT LAKE, IA 51360 is $603,725 as of March 2026, a 37.2% increase from $439,950 the prior year.

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

Homes in SPIRIT LAKE, IA 51360 spend an average of 58 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 SPIRIT LAKE, IA 51360?

Based on current inventory and days-on-market data as of March 2026, SPIRIT LAKE, IA 51360 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 58 days on market compared to 84 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPIRIT LAKE, IA 51360 save an estimated $12,075 compared to a typical 5% commission on the median listing price of $603,725. 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.