Is Lake Park a buyer's or seller's market right now?

Lake Park is currently a buyer's market with 7 months of supply. Homes are selling at 100% of list price. The Ridley Sell Score for Lake Park is 46/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lake Park?

The median home price in Lake Park is $165,000, down 42.1% year-over-year. The median price per square foot is $152. Homes sell in a median of 52 days with a sale-to-list ratio of 100%.

How much does it cost to sell a home in Lake Park, Iowa?

On a $165,000 home in Lake Park, a traditional listing agent charges around $4,950 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $13,200 or more. With Ridley Essentials ($999) you save $3,951, and with Ridley Pro ($3,499) you save $1,451 while getting full agent support.

How does Ridley's flat fee compare to a traditional Lake Park agent?

A traditional Lake Park listing agent typically charges 3% of the sale price — about $4,950 on a $165,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $3,951–$1,451 compared to a traditional agent.

How long does it take to sell a home in Lake Park?

The median home in Lake Park currently spends 52 days on the market before going under contract, down 22% from last year. At a 100% sale-to-list ratio, sellers are getting very close to or above asking price.

Do I need a real estate agent to sell in Iowa?

No. Iowa does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $165,000 home, that could save you up to $1,451.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Iowa. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $4,950 commission.

National/Iowa

Lake Park, IA

Is Now a Good Time to Sell in Lake Park, Iowa?

The median home in Lake Park sells for $165,000 with prices down 42.1% year-over-year. The average seller pays $4,950 in commissions — Ridley’s flat fee saves you $1,451.

Lake Park Real Estate Market Conditions — April 2026

46out of 100

Ridley Sell Score

How it's scored →

Cooling

46/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Lake Park market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors buyers

7 months of supply — above the 5-month balanced threshold, giving buyers more options. Iowa average is 2.2.

Price MomentumFavors buyers

Prices down 42.1% year-over-year — vs. +7.7% statewide.

Seller LeverageFavors sellers

Homes selling at 100% of asking — sellers are getting 0% above list on average. Iowa average is 96.3%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Iowa average of 17.5%.

Sale SpeedFavors sellers

52 median days on market — 20 days faster than the Iowa average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 15.5% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Iowa average is 12.8%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$165,000

-42.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-22%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$152

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

100%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

12-Month Price Trend

$310,000 → $165,000

▼46.8%

$300K$250K$200K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Lake Park — delivered monthly.

Your savings

How much can you save selling your home in Lake Park?

The average Lake Park homeowner saves $1,451 by selling with Ridley instead of paying the traditional 3% listing commission on a $165,000 home.

$0Estimated savings

That covers your moving costs — save 0.9% of your home value

Your Lake Park home value

$165,000

$50,000$10M

Traditional Agent (3%)

$4,950

Ridley Pro (flat fee)

$3,499

Ready to sell in Lake Park?

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Cost comparison

How much does it cost to sell a house in Lake Park?

The total cost to sell a house in Lake Park in 2026 ranges from $999 with Ridley Essentials to approximately $4,950 with a traditional 3% commission on a $165,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$4,950	$3,499	$999	$0
Buyer agent	$4,6202.8% avg	$3,300~2% avg	$3,300~2% avg	$4,6202.8% avg
Closing costs (~1.5%)	$2,475	$2,475	$2,475	$2,475
Total cost	$12,045	$9,274	$6,774	$7,095
Net proceeds	$152,955	$155,726	$158,226	$157,905
You save	—	$2,771	$5,271	$4,950No support