Published October 11, 2026 in Market Update

More listings gave one part of the market a little more breathing room

By Michelle Maloney | Maloney Real Estate

Real estate, Sioux City/Akron/Sioux Center

The big number to know first: Realtor.com reported mortgage rates topped 7% for the first time since January 2025. That matters because it raises the monthly cost for anyone financing a purchase. Yet in ZIP 51106, demand held up anyway.

These numbers cover the three months ending August 31, 2026. All counts of homes come from the Real Estate Data Aggregator.

ZIP 51106: More listings, more sales, still moving fast

The Real Estate Data Aggregator counted 175 new listings in ZIP 51106 in the three months ending August 31, 2026. That is up 31.6% from the same months of 2025. Buyers got more to choose from. That is the breathing room the headline is about.

More supply did not push demand away. The Real Estate Data Aggregator counted 124 sales, up 12.7% from a year before. Pending sales rose 7.2% to 119. Sellers can take some comfort in that.

Nearly a third of homes in 51106 sold above list price. The Real Estate Data Aggregator put that share at 32.3%, up 14.1 points from a year before. The sale-to-list ratio came in at 98.9%, up 0.5 points. Sellers are still getting close to what they ask.

Nearly half of homes in 51106 went under contract within two weeks. That is up 1.3 points from a year before. More competition from new listings, and buyers still moved quickly.

The rate picture: a real headwind

Realtor.com reported rates topped 7% for the first time since January 2025. CNBC reported the average 30-year fixed rate reached 7.49% in the week ending October 7, 2026. That is not a small number.

CNBC also reported that purchase mortgage applications fell 2% for that week. They were 15% lower than the same week one year ago. Fewer people are applying, and that is worth watching.

How the other ZIP codes looked

Not every ZIP code read the same way. The Real Estate Data Aggregator counted results across five ZIP codes for the same three months.

ZIP 51054 had the highest median price at $385,000, per the Real Estate Data Aggregator. Half of its homes sold above list price. But it also had 8.2 months of supply, the most of any ZIP here. That means more competition among sellers in that area.

ZIP 51001 told a different story. The Real Estate Data Aggregator showed only 0.9 months of supply and a sale-to-list ratio of 100.6%. The median price dipped 5.2% to $199,000, but homes sold 44 days faster than a year before. Price came down a little; speed went way up.

ZIP 51108 saw the biggest price jump. The Real Estate Data Aggregator put the median at $275,000, up 48.6% from a year before. That is a large move. Only 19 homes sold there, so a few high-priced sales can shift that number a lot.

The whole market together

The Real Estate Data Aggregator counted 233 new listings and 171 sales across the five ZIP codes combined. Pending sales stood at 168. That gap between new listings and sales is what created the breathing room for buyers.

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. The local numbers above show this market has its own rhythm, ZIP by ZIP.

One ZIP code can read very differently from the street you actually live on. The numbers above are a starting point, not the whole answer for your home.