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Historic Phoenix Theatre Neola, IowaPhoto: Jared Winkler · CC BY-SA 4.0
Housing in Neola

17 homes sold in Neola in the last year, at a typical $241K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Neola homes are listed.

Homes sold
17
October 2025 to September 2026
Typical sale price
$241K
median, weighted by sales
Price per square foot
$137
Iowa $159
Paid vs. asking
95.8%
16% sold over asking
For sale now
5
September 2026 · 1 sold that month
What sold · last 12 months

Houses are 100% of Neola’s sales, at a typical $289K (year to May 2026)

17 homes sold in the year to September 2026.

Houses$289K

typical sale · 20 sold in the year to May 2026

Per square foot
$144IA $158
Days to sell
84
Sold over asking
15%
Listings with a price cut
44%

Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.

What your budget buys

What $250K buys in Neola

Houseat $144 a sq ft, year to May 2026
The same money in Iowaat $158 a sq ft, year to May 2026

Is this asking price fair?

Check a listing against what Neola homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Neola home costs about $1,524 a month

Mortgage
Property tax
Insurance
Rent

Price: Neola’s typical sale, last 12 months. Property tax at Neola’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Neola is affordable on local pay is on Cost of living.

Before you buy in Neola

Four things worth knowing

1.3%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $241K home, about $3,200 a year.

Taxes vs. neighbors
26 min

Typical commute

The average one-way trip to work for people who live in Neola.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Neola, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Neola. People who follow the town see it, and so do people comparing Neola with their own town. No commission, no listing fee.

Questions about buying a home in Neola

What do homes sell for in Neola, IA?

17 homes sold in the year to September 2026 at a typical $241K, $137 a square foot.

Is Neola a buyer’s or seller’s market?

A seller’s market: 5 homes were for sale in September 2026 and 1 sold, about 3.8 months of supply. Buyers paid 95.8% of asking on average.

How much are property taxes in Neola?

About 1.3% of a home’s value a year. On a $241K home that’s near $3,200.

Where can I see homes for sale in Neola?

Zillow, Redfin, Realtor.com and Homes.com all carry Neola’s MLS listings; the search links above open each one filtered to Neola.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).