Is Storm Lake, IA 50588 a buyer’s or seller’s market?
Storm Lake is a seller’s market. With about 3 months of supply and 7% 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.
Competition score35/ 100
More competitive than 33% of U.S. ZIP codes, and #120 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3Under 4 months = seller’s market
Sold above original list6.8%Share of sales, last 3 months
Median sale-to-list97.1%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$122▲ +5.7% vs. last year
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Nearby markets
Albert City 50510 — /sq ftAlta 51002Seller’s market $118 /sq ftMarathon 50565 $45 /sq ftNewell 50568Seller’s market $95 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology