Spirit Lake, IA
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
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The Spirit Lake market currently exhibits cooling dynamics, with the pending ratio at 0.33, indicating that demand absorption is moderate relative to available inventory. Active listings have shown a marginal year-over-year increase of 0.9%, while new listings have contracted by 21.4% over the past year.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Spirit Lake market right now.
The market is experiencing a contraction in new listings, down 21.4% year-over-year, which could temper overall inventory growth. Despite this, the pending ratio, currently 0.33, indicates that demand is not keeping pace with the available supply, even with a year-over-year increase of 4.3% from a lower base. The median listing price registered a month-over-month decline of 3.6%, though it remains up 2.0% over the past year.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.33, the market suggests a slower pace of transaction activity, allowing for greater consideration of available options. The modest year-over-year increase in active listings, alongside a significant decline in new listings, implies that while supply is not expanding rapidly, the existing inventory is not being absorbed quickly. This environment may encourage more measured price discipline.
The average listing price at $908,886 significantly exceeds the median listing price of $510,000, which, coupled with a 9.6% year-over-year decline in median $/sqft, suggests some softening in the higher-priced segments of the market.
217 active listings represent the current floor, with new supply arriving at roughly 44 per month.
of active listings carry a price reduction, +0.5% from prior period.
Median price per square foot has moved -9.6% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Spirit Lake, IA? Homes here are taking 18 days less to sell than last year.
Buyers have leverage in Spirit Lake, IA. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 33%
- Median Days on Market
- 53 days
- Inventory YoY
- +1%
In a buyer's market, strategy beats timing. See how your home scores in Spirit Lake, IA and what moves the number.
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