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LAKE CITY, IA 51449

Real Estate Market Report  ·  Calhoun County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE CITY, IA real estate market (51449) currently shows 4 active listings. Homes are averaging 213 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 213 days on market compared to 72 days last year.

The median listing price has risen 115.6% year-over-year, from $159,900 to $344,800.

Whether you are buying or selling in LAKE CITY, 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: 2,020  ·  Density: 8.7/mi²  ·  Median household income: $68,750

Typical home value: $104,005  ·  Homeownership: 79.0%

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
0
0% pending ratio
Median Price
$344,800
⇧ 115.6% vs $159,900 last year
Average Price
$322,617
⇧ 44.5% vs $223,300 last year
Days on Market
213
⇧ 195.8% vs 72 days last year

Price Per Square Foot

Median $/sqft
$171
⇧ 72.7% vs $99/sqft last year
Median Home Size
1,725 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 213 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $344,800 (+115.6% YoY)
  • Average: $322,617 (+44.5% 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 24.7 miles — 34 listings ($6,100,999 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51449Lake City, IA 514490.0 mi2$789,800$394,900$394,900
51433Auburn, IA 514337.0 mi2$440,000$220,000$220,000
50579Rockwell City, IA 5057910.2 mi9$1,333,800$154,000$148,200
50050Churdan, IA 5005013.5 mi7$1,117,200$137,900$159,600
51436Breda, IA 5143615.3 mi1$165,000$165,000$165,000
50538Farnhamville, IA 5053815.6 mi2$108,000$54,000$54,000
50586Somers, IA 5058618.2 mi1$649,999$649,999$649,999
51430Arcadia, IA 5143019.4 mi1$189,000$189,000$189,000
50575Pomeroy, IA 5057520.3 mi2$180,000$90,000$90,000
51444Halbur, IA 5144421.4 mi2$309,800$154,900$154,900
51467Westside, IA 5146723.4 mi1$199,900$199,900$199,900
50540Fonda, IA 5054023.7 mi3$448,500$149,500$149,500
50518Barnum, IA 5051824.7 mi1$170,000$170,000$170,000

Frequently Asked Questions

How many homes are for sale in LAKE CITY, IA 51449?

As of March 2026, there are 4 active listings in LAKE CITY, IA (zip code 51449), compared to 2 the prior year.

What is the median home price in LAKE CITY, IA 51449?

The median listing price in LAKE CITY, IA 51449 is $344,800 as of March 2026, a 115.6% increase from $159,900 the prior year.

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

Homes in LAKE CITY, IA 51449 spend an average of 213 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in LAKE CITY, IA 51449?

Based on current inventory and days-on-market data as of March 2026, LAKE CITY, IA 51449 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 213 days on market compared to 72 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE CITY, IA 51449 save an estimated $6,896 compared to a typical 5% commission on the median listing price of $344,800. 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.