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PROMISE CITY, IA 52583

Real Estate Market Report  ·  Wayne County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The PROMISE CITY, IA real estate market (52583) currently shows 2 active listings, with 1 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 26 days on market compared to 10 days last year.

The median listing price has risen 14.7% year-over-year, from $279,000 to $320,000.

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 Context

Market Context

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

Typical home value: $0  ·  Homeownership: 85.9%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
1
50% pending ratio
Median Price
$320,000
⇧ 14.7% vs $279,000 last year
Average Price
$320,000
⇧ 14.7% vs $279,000 last year
Days on Market
26
⇧ 160% vs 10 days last year

Price Per Square Foot

Median $/sqft
$217
⇧ 32.3% vs $164/sqft last year
Median Home Size
1,475 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 26 now vs 10 last year

Median & Average Pricing

Year over Year
  • Median: $320,000 (+14.7% YoY)
  • Average: $320,000 (+14.7% 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
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 29.2 miles — 126 listings ($28,868,055 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$465,000$92,500$93,000
50238Russell, IA 5023811.7 mi5$1,181,500$240,000$236,300
52544Centerville, IA 5254414.2 mi60$10,621,440$121,500$177,024
52571Moravia, IA 5257117.7 mi19$8,915,085$388,500$469,215
50123Humeston, IA 5012318.5 mi8$1,264,400$135,000$158,050
50272Williamson, IA 5027220.4 mi1$75,000$75,000$75,000
52531Albia, IA 5253123.5 mi20$4,821,380$147,950$241,069
50147Lineville, IA 5014723.9 mi1$65,000$65,000$65,000
52572Moulton, IA 5257225.8 mi2$172,000$86,000$86,000
52594Unionville, IA 5259426.5 mi1$105,000$105,000$105,000
50275Woodburn, IA 5027528.0 mi1$425,000$425,000$425,000
50264Weldon, IA 5026429.2 mi2$362,250$181,125$181,125

Frequently Asked Questions

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

As of April 2026, there are 2 active listings in PROMISE CITY, IA (zip code 52583), compared to 1 the prior year.

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

The median listing price in PROMISE CITY, IA 52583 is $320,000 as of April 2026, a 14.7% increase from $279,000 the prior year.

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

Homes in PROMISE CITY, IA 52583 spend an average of 26 days on the market before going under contract, compared to 10 days the prior year.

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 April 2026, PROMISE CITY, IA 52583 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 26 days on market compared to 10 days last year.

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 $6,400 compared to a typical 5% commission on the median listing price of $320,000. 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.