Is it a buyer's or a seller's market? Six dials, updated monthly — speed, supply and seller behaviour, not just prices.
Sellers are cutting prices on about 1 in 5 Storm Lake listings — the market is roughly in balance.
Zillow's own model expects Storm Lake home values to change +1.1% over the year to Sep 2027. A forecast, not a promise — it is revised every month, and Zillow publishes it with that caveat.
to buy the typical home at today's mortgage rate — +$494 (+102%) since Jan 2020.
- 1 year
- Down $457 -0%
- $186,809$186,352 since Sep 2025
- 5 years
- Up $33,826 +22%
- $152,526$186,352 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Storm Lake$978
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Storm Lake, IA fell 0.2% over the past year — slower than the nation's +1.2%.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Storm Lake21.29%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Storm Lake83
New listings per month
Sellers arriving at the market.
- Storm Lake21
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Storm Lake$175,794
- United States$370,717