Comprehensive market data and analysis• Updated Dec 2025
1.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | 2 | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | 2 |
| TOTAL | 0 | 3 | 3 | 8 |
Acreage buckets
The median price for land in Letts, Iowa is currently $14K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $34K while premium lots reached $1.1M.
Letts, Iowa is currently a very hot seller's market with 1.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Letts, Iowa currently has 1.0 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
Land in Letts, Iowa averages $19K per acre. The median price per acre is $14K, which may be more representative of typical transactions. Most parcels sold are around 5.0 acres.
The current absorption rate in Letts, Iowa is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is HomeSmart Residential and Commercial Realty.
Land in Letts, Iowa typically sells within 90 days of listing. The median time on market is 73 days. Properties are moving at a moderate pace in the current very hot seller's market.
There are currently 1 active listings in Letts, Iowa. The median asking price is $1.1M.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
