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Is Melbourne, IA 50162 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Melbourne is a seller’s market. With about 0.5 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply0.5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$135▼ −17.5% vs. last year

Run the numbers for 50162

Prefilled for 50162Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50162Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albion 50005 $77 /sq ftFerguson 50078 $82 /sq ftGilman 50106Seller’s market $138 /sq ftLaurel 50141 $95 /sq ft Browse all markets →

More tools for 50162

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology