Spirit Lake, IA metro area Housing Market Brief
metro · as of May 2026
What is Spirit Lake, IA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Spirit Lake, IA metro area in its market cycle?
Spirit Lake, IA metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
Spirit Lake, IA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $420K | ▼ -20.7% |
| Median Days on Market | 57 days | ▼ -18.6% |
| Months of Supply | 3.7 | ▼ -22.9% |
| Homes for Sale | 203 | ▼ -15.8% |
| Homes Sold | 55 | ▲ +10% |
| Median Price / Sq Ft | $262 | ▼ -12.9% |
| Sale-to-List Ratio | 96.9% | ▼ -1.6% |
How has Spirit Lake, IA metro area’s Alpha Score moved?
Markets like Spirit Lake, IA metro area
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Frequently asked questions
Is Spirit Lake, IA metro area a buyer's or seller's market?
As of May 2026, Spirit Lake, IA metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Spirit Lake, IA metro area?
The median sale price in Spirit Lake, IA metro area is $420K, having fallen 20.7% over the past year.
How affordable is Spirit Lake, IA metro area?
Spirit Lake, IA metro area scores 37 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Spirit Lake, IA metro area's Alpha Score?
Spirit Lake, IA metro area's strongest dimension is Inventory Health (64/100) and its weakest is Rental Yield (22/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Spirit Lake, IA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.