Denmark, IA 52624

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $159,000 with 10% down, it comes to $976 a month in principal and interest.

The typical home here costs $267 a month more than it did a year ago.

A year ago the median list price was about $129,000 and the 30-year rate was 6.17%: $709 a month with 10% down. Now it's $159,000 at 7.25%: $976.

Put the other way, last year's $709 a month buys about a $115,000 home at the latest rate.

Only 1 home was for sale in 52624 in September, too few for steady figures, so these are for Lee County, IA.

On a typical day in September, 136 homes were for sale: 4.6% more than in August and 5.2% fewer than a year ago. During the month 42 new listings came on, and on a typical day 32 homes were under contract.

Homes spent a median of 62 days on the market, 9 days longer than a year ago. Sellers cut the price on 12% of listings, down 1 point from a year ago. The median list price was $159,000, or $100 a square foot: up 4.5% from August and up 24% from a year ago.

Balanced market. Judged on 24 homes under contract for every 100 for sale, 62 days on the market and price cuts on 12% of listings.

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