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SPIRIT LAKE, IA 51360

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

Market Overview

Active Listings
51
⇩ 25% vs 68 last year
Pending
15
29% pending ratio
Median Price
$470,000
⇧ 4.9% vs $448,000 last year
Average Price
$963,803
⇧ 53.7% vs $626,975 last year
Days on Market
99
⇩ 25% vs 132 days last year

Market Context

Population: 8,533  ·  Density: 31.3/mi²  ·  Median household income: $74,375

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

Market Analysis

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

The SPIRIT LAKE, IA real estate market (51360) currently shows 51 active listings, with 15 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 99 days on market compared to 132 days last year.

The median listing price has risen 4.9% year-over-year, from $448,000 to $470,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 51 this year vs 68 last year
  • Days on market: 99 now vs 132 last year

Median & Average Pricing

Year over Year
  • Median: $470,000 (+4.9% YoY)
  • Average: $963,803 (+53.7% 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 27.3 miles — 127 listings ($82,722,309 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51360Spirit Lake, IA 513600.0 mi51$49,153,953$470,000$963,803
51331Arnolds Park, IA 513315.5 mi39$25,943,229$559,900$665,211
51347Lake Park, IA 5134711.5 mi8$2,783,200$278,850$347,900
51340Fostoria, IA 5134014.0 mi2$318,000$159,000$159,000
56150Lakefield, MN 5615015.1 mi6$976,302$143,450$162,717
56111Alpha, MN 5611117.5 mi2$494,000$247,000$247,000
51365Wallingford, IA 5136519.8 mi3$393,900$115,000$131,300
51338Everly, IA 5133819.9 mi3$318,750$106,250$106,250
56161Okabena, MN 5616122.2 mi2$382,000$191,000$191,000
51354Ocheyedan, IA 5135423.0 mi2$260,000$130,000$130,000
50531Dolliver, IA 5053123.7 mi1$199,900$199,900$199,900
51346Hartley, IA 5134625.5 mi7$1,359,575$207,450$194,225
51350Melvin, IA 5135027.3 mi1$139,500$139,500$139,500

Frequently Asked Questions

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

As of January 2026, there are 51 active listings in SPIRIT LAKE, IA (zip code 51360), compared to 68 the prior year.

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

The median listing price in SPIRIT LAKE, IA 51360 is $470,000 as of January 2026, a 4.9% increase from $448,000 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 99 days on the market before going under contract, compared to 132 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 January 2026, SPIRIT LAKE, IA 51360 is currently a Seller's Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 99 days on market compared to 132 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 $9,400 compared to a typical 5% commission on the median listing price of $470,000. 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.