Is Spirit Lake, IA a buyer's market or a seller's market?
Spirit Lake, IA is a balanced market right now. There are 203 homes for sale, and at the current pace of sales it would take about 3.7 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Spirit Lake, IA sits at 3.7.
Buyers and sellers are about evenly matched right now. The typical home took 57 days to go under contract, and 13% of sales closed above the asking price.
The number of homes for sale is 16% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Spirit Lake, IA area, through May 2026.
Are you the agent for Spirit Lake, IA?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Spirit Lake, IA market
- When is the best month to sell a house in Spirit Lake, IA?
- How long does it take to sell a house in Spirit Lake, IA?
- Do homes sell above asking price in Spirit Lake, IA?
- Are home prices going up or down in Spirit Lake, IA?
- How many homes are for sale in Spirit Lake, IA?
- All Spirit Lake, IA housing numbers
Other markets
- Is Des Moines, IA a buyer's market or a seller's market?
- Is Davenport, IA a buyer's market or a seller's market?
- Is Cedar Rapids, IA a buyer's market or a seller's market?
- Is Iowa City, IA a buyer's market or a seller's market?
- Is Waterloo, IA a buyer's market or a seller's market?
- Is Ames, IA a buyer's market or a seller's market?
- Is Sioux City, IA a buyer's market or a seller's market?
- Is Dubuque, IA a buyer's market or a seller's market?
Figures come from Redfin's published market data for the Spirit Lake, IA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.