Market Intelligence Report — IA-020

Spirit Lake, IA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IA-05
As of the latest 2026 data
Cooling

Median Listing

$575K
+19.8% YoY

Pending Ratio

0.34
+1.1% YoY

Active Inventory

188
+23.7% YoY

Median DOM

55 Days
-14.1% YoY

Primary Intelligence Tool — Sold Score™

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The Spirit Lake market is currently cooling, with a pending ratio of 0.34 indicating demand is not keeping pace with available inventory. Active listings have expanded by 23.7% year-over-year, contributing to more subdued market conditions despite a significant 19.8% year-over-year increase in the median listing price.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Spirit Lake market right now.

Active listings have substantially increased by 23.7% over the past year, complemented by an 87.5% year-over-year surge in new listings. While the median listing price has seen a considerable 19.8% year-over-year gain, the pending ratio, currently at 0.34, suggests a deceleration in demand absorption. Days on market have declined by 14.1% over the past year, yet this is set against a backdrop of increasing supply and a relatively low pending ratio.

Historical Analysis

Market Trends

Median Price

$575K+2.7% MoM

Active Inventory

188+23.7% YoY

Days on Market

55-14.1% YoY

Sold Score™

33+1.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

33
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.34, the market exhibits greater inventory pressure, affording more time for consideration and potentially more disciplined pricing. The expansion in active listings suggests a less frenetic pace, shifting negotiating dynamics toward available supply rather than immediate competition for scarce properties.

Luxury Segment

The significant spread between the $575,000 median listing price and the $972,603 average listing price, along with the relatively modest 2.5% year-over-year increase in median $/sqft, suggests some moderation at higher price points, although there is no distinct signal of severe luxury-segment weakness.

Supply Dynamics

188 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
12.5%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.5% year-over-year.

Absorption
0.34

Pending-to-active ratio — Cooling.

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Metro Demographics

Metro Area
Spirit Lake, IA
CBSA Code
44020
State
IA