| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $536,000 | -1.8% YoY |
| Median price per sq ft | $307 | 1,896 sq ft median |
| Median days on market | 60 | -15% YoY |
| Active listings | 200 | -0% YoY |
| New listings this month | 80 | June 2026 |
| Listings with a price cut | 15% | Share of active |
| Median sale price (closed) | $420,000 | -20.8% YoY |
| Sale-to-list ratio | 96.9% | Closed sales |
Metropolitan market · Iowa · June 2026 data
Spirit Lake Real Estate Market
As of June 2026, the median home listed in Spirit Lake, IA asks $536,000 — down 1.8% year over year. Homes sell in a median of 60 days, with 200 active listings and 15% carrying a price cut — a balanced market. Figures come from public records and industry data, updated monthly.
Median listing price
$536,000
▼ 1.8% YoY
Median $ / sq ft
$307
1,896 sq ft median
Median days on market
60
June 2026
Active listings
200
For sale now
New listings
80
June 2026
Listings with price cuts
15%
Share of active
Median sale price (closed)
$420,000
▼ 20.8% YoY · closed sales
Sale-to-list ratio
96.9%
Closed sales
Homes sold / month
55
Closed sales
Spirit Lake housing market statistics
The table summarizes Spirit Lake's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Spirit Lake?
Spirit Lake home prices are down 1.8% year over year and -6.8% month over month as of June 2026, at a $536,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Spirit Lake IA · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Spirit Lake IA · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Spirit Lake?
Spirit Lake has 200 active listings, 80 new this month, 66 pending as of June 2026. About 15% of active listings have cut their price, and inventory sits at 72% of its 2019 level — a balanced market by pace.
Is Spirit Lake a good real estate investment?
Spirit Lake scores 35/100 on WealthyBud's composite Investor Score, ranking #746 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
35/100
#746 of 932 covered metros
Spirit Lake scores 35/100 on our composite Investor Score (#746 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 72% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 1.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Spirit Lake ranks on the trending markets index.
How much is a monthly mortgage payment in Spirit Lake?
A home at Spirit Lake's $536,000 median listing runs about $2,691 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$2,416/mo
−$275/mo vs today
At today's rate · 6.43%
$2,691/mo
National weekly average
If rates rise 1% · 7.43%
$2,978/mo
+$287/mo vs today
Principal & interest on the $536,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Spirit Lake housing market?
Longer-run demand in Spirit Lake shows up in 113 homes permitted in 2025; net migration of +70 residents. Natural-hazard risk rates Very Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
113
▼ 61.7% vs 2024
6.3 per 1,000 residents
Net migration (2022–2023)
+70
▲ people, via tax-return records
net income flow +$9.44M/yr
Natural-hazard risk
Very Low
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadSpirit Lake housing market FAQ
What is the median home price in Spirit Lake?
As of June 2026, the median listing price in Spirit Lake, IA is $536,000, down 1.8% year over year (source: public records and industry data). Figures cover the Spirit Lake, IA metro area.
How much does it cost to buy a home in Spirit Lake?
The median home listed in Spirit Lake asks $536,000 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $2,691 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Spirit Lake?
The median property in Spirit Lake spends 60 days on the market, with 200 homes actively listed and 15% of them carrying a price cut — a balanced market by pace as of June 2026.
Is it a buyer's or seller's market in Spirit Lake?
With a median 60 days on market and 15% of active listings carrying a price cut, Spirit Lake reads as a balanced market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Spirit Lake a good place to invest in real estate?
Spirit Lake scores 35/100 on WealthyBud's Investor Score, ranking #746 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Spirit Lake?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Spirit Lake and the wider Iowa market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Spirit Lake, IA metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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