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PROMISE CITY, IA 52583

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

Market Overview

Active Listings
1
Pending
0
0% pending ratio
Median Price
$395,000
Average Price
$395,000
Days on Market
25

Market Context

Population: 447  ·  Density: 3.8/mi²  ·  Median household income: $83,523

Typical home value: $0  ·  Homeownership: 85.9%

Market Analysis

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

The PROMISE CITY, IA real estate market (52583) currently shows 1 active listings. Homes are averaging 25 days on the market before going under contract.

Whether you are buying or selling in PROMISE 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 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 29.2 miles — 110 listings ($26,462,597 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
52583Promise City, IA 525830.0 mi1$395,000$395,000$395,000
52590Seymour, IA 525909.6 mi5$632,500$121,250$126,500
50238Russell, IA 5023811.7 mi6$1,443,360$250,000$240,560
52544Centerville, IA 5254414.2 mi58$10,105,688$105,000$174,236
52571Moravia, IA 5257117.7 mi15$6,794,250$362,000$452,950
50123Humeston, IA 5012318.5 mi7$1,204,000$172,000$172,000
50068Derby, IA 5006818.9 mi1$599,000$599,000$599,000
52555Exline, IA 5255521.3 mi2$420,000$210,000$210,000
50147Lineville, IA 5014723.9 mi1$70,000$70,000$70,000
52572Moulton, IA 5257225.8 mi2$172,000$86,000$86,000
50151Lucas, IA 5015126.2 mi5$3,236,000$644,500$647,200
64661Mercer, MO 6466126.8 mi4$626,300$169,900$156,575
50264Weldon, IA 5026429.2 mi3$764,499$197,500$254,833

Frequently Asked Questions

How many homes are for sale in PROMISE CITY, IA 52583?

As of January 2026, there are 1 active listings in PROMISE CITY, IA (zip code 52583).

What is the median home price in PROMISE CITY, IA 52583?

The median listing price in PROMISE CITY, IA 52583 is $395,000 as of January 2026.

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

Homes in PROMISE CITY, IA 52583 spend an average of 25 days on the market before going under contract.

Is it a seller's or buyer's market in PROMISE CITY, IA 52583?

Based on current inventory and days-on-market data as of January 2026, PROMISE CITY, IA 52583 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in PROMISE CITY, IA 52583 save an estimated $7,900 compared to a typical 5% commission on the median listing price of $395,000. 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.