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Foreclosure Homes in Ottumwa, IA

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Ottumwa, IA Foreclosures

Current Market Conditions in in Ottumwa, IA As of April 2026?
Over the past month, the real estate market in Ottumwa has shown signs of increased activity, with more homes being listed for sale and a slight uptick in the average sale price. The demand remains strong, driven by interest from both first-time buyers and investors. As the season transitions into fall, it is anticipated that the market may stabilize as new listings become available.
How much do homes sell for in Ottumwa, IA?
The average home price is currently $162,252.
In Ottumwa, IA, how many homes are available?
There are currently 551 active home listings available in Ottumwa.
What’s the average rental cost in Ottumwa, IA?
The average rental price in Ottumwa is $1,036.
What is the most expensive home in Ottumwa?
The most expensive home sold in Ottumwa had a price of $18,609,032.
What is currently the cheapest priced home in Ottumwa, IA?
The cheapest home for sale in Ottumwa is priced at $10,095.

Living in Ottumwa, IA

Ottumwa, located in southern Iowa, is a thriving city known for its community spirit and rich history. With ample recreational activities, beautiful parks, and a growing arts scene, Ottumwa offers a pleasant lifestyle for its residents. The city combines modern amenities while fostering a strong sense of community, making it an ideal place to live and raise a family.

Buyer vs Seller Market in Ottumwa, IA

In the past year, the Ottumwa real estate market has experienced a steady increase in home values due to demand for housing in the area. With a combination of economic stability and development, many buyers are looking at Ottumwa as an attractive place for investment or relocation.

Currently, the market is characterized by a low inventory of homes for sale, leading to multiple offers on properties. Buyers are particularly interested in homes that are well-maintained and in desirable neighborhoods, prompting sellers to price their homes competitively.

Home Value Estimator For Ottumwa, IA

There are currently 13,831 real estate properties in Ottumwa, IA, with a median automated valuation model (AVM) price of $111,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ottumwa, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ottumwa, IA, is $162,252.00, with the most expensive house in Ottumwa, IA, topping out at $18,609,032.00 and the cheapest home in Ottumwa, IA, clocking in at $10,095.00. In other words, there’s something for every potential homebuyer or savvy investor in Ottumwa, IA!

Rent Prices In Ottumwa, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ottumwa, IA, is on a rollercoaster ride. The average rent price in Ottumwa, IA, is $1,036.00. Indeed, when looking to rent in Ottumwa, IA, you can expect to pay as little as $450.00 or as much as $2,000.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Ottumwa, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ottumwa, IA Foreclosures

Market Trend for Ottumwa, IA

Total Listings Available: 551

Market Values:

Home Prices from $10,095 to $18,609,032

Average Sales Price: $162,252

Rental Values:

Rental from $450 to $2,000

Average Rent Value: $1,036 / month

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