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Is Dike, IA 50624 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Dike is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market1Listing to accepted offer
Median price per sq ft$156▲ +42.3% vs. last year

The Dike housing market right now

In the three months ending August 31, 2026, 20% of homes in Dike, IA 50624 sold above their list price and the typical home went under contract in 1 day. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (82 days then) and the median sale price rose 2% to $324,859. Overall, Dike is more competitive than a year ago, so tougher for buyers.

Within Grundy County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 60%.

Nearby, buyers who want less competition could look at Wellsburg 50680 (0% sold over asking) or Holland 50642 (0% sold over asking), while Conrad 50621 (67% sold over asking) and Grundy Center 50638 (29% sold over asking) are even more competitive.

Run the numbers for 50624

Prefilled for 50624Can I win this house?Multiple-offer likelihood for a listing Prefilled for 50624Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Conrad 50621 $106 /sq ftGrundy Center 50638Buyer’s market $135 /sq ftHolland 50642Seller’s market $150 /sq ftMorrison 50657 — /sq ft Browse all markets →

Questions about Dike real estate

How fast do homes sell in Dike?

The typical home went under contract in 1 days in the latest three months.

Do homes in Dike sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Dike?

About 1.14% of a home’s value a year in Grundy County, or roughly $4,560 on a $400,000 home.

What is the median home price in Dike?

The median sale price was $324,859 in the three months ending August 31, 2026, about $156 per square foot.

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