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LESTER, IA 51242

Real Estate Market Report  ·  Lyon County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The LESTER, IA real estate market (51242) currently shows 1 active listings. Homes are averaging 327 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 327 days on market compared to 5 days last year.

The median listing price has risen 175.4% year-over-year, from $285,000 to $785,000.

Whether you are buying or selling in LESTER, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 343  ·  Density: 24.3/mi²  ·  Median household income: $81,932

Typical home value: $168,989  ·  Homeownership: 85.9%

Market Overview

Active Listings
1
vs 1 last year
Pending
0
0% pending ratio
Median Price
$785,000
⇧ 175.4% vs $285,000 last year
Average Price
$785,000
⇧ 175.4% vs $285,000 last year
Days on Market
327
⇧ 6440% vs 5 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 8.8% vs $204/sqft last year
Median Home Size
4,231 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 327 now vs 5 last year

Median & Average Pricing

Year over Year
  • Median: $785,000 (+175.4% YoY)
  • Average: $785,000 (+175.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.7 miles — 479 listings ($199,925,904 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51242Lester, IA 512420.0 mi1$785,000$785,000$785,000
56138Hills, MN 561387.3 mi3$973,350$324,450$324,450
51240Inwood, IA 5124010.4 mi7$2,651,299$234,900$378,757
57068Valley Springs, SD 5706812.5 mi3$1,524,900$399,900$508,300
51247Rock Valley, IA 5124716.6 mi9$2,867,103$279,450$318,567
56156Luverne, MN 5615616.9 mi29$7,871,412$237,450$271,428
57013Canton, SD 5701317.5 mi14$6,114,080$274,500$436,720
51237George, IA 5123718.2 mi4$1,079,520$194,750$269,880
57108Sioux Falls, SD 5710818.7 mi213$104,907,612$362,200$492,524
57103Sioux Falls, SD 5710319.2 mi98$35,953,260$284,000$366,870
57104Sioux Falls, SD 5710421.8 mi88$32,642,368$249,900$370,936
51234Boyden, IA 5123423.0 mi8$2,296,000$190,000$287,000
57034Hudson, SD 5703423.7 mi2$260,000$130,000$130,000

Frequently Asked Questions

How many homes are for sale in LESTER, IA 51242?

As of February 2026, there are 1 active listings in LESTER, IA (zip code 51242), compared to 1 the prior year.

What is the median home price in LESTER, IA 51242?

The median listing price in LESTER, IA 51242 is $785,000 as of February 2026, a 175.4% increase from $285,000 the prior year.

How long do homes stay on the market in LESTER, IA?

Homes in LESTER, IA 51242 spend an average of 327 days on the market before going under contract, compared to 5 days the prior year.

Is it a seller's or buyer's market in LESTER, IA 51242?

Based on current inventory and days-on-market data as of February 2026, LESTER, IA 51242 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 327 days on market compared to 5 days last year.

How much can I save on real estate commission in LESTER, IA?

With SELL123.com's maximum 3% commission, sellers in LESTER, IA 51242 save an estimated $15,700 compared to a typical 5% commission on the median listing price of $785,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.