Waukee, IA 50263 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator, the median sold price of $384,900, signals recent transaction value and anchors pricing expectations against the median listing price of $435,000, suggesting a noticeable gap between asking and achieved prices that may indicate pricing friction in the current environment.
2. Liquidity appears slow: the median days on market of 303 points to extended listing durations and slower sales velocity, which may indicate a shift toward a more balanced market rather than rapid turnover.
3. Market direction shows softening fundamentals: year-over-year price trend is down and the reported market temperature is cold, which together suggest sellers should be prepared for protracted marketing periods and potential price concessions.
4. Affordability and demand are being influenced by financing conditions—current 30-year fixed mortgage rates averaging 6.49% and elevated interest rate pressure are headwinds for buyer purchasing power, while rents are rising with a up rent year-over-year trend and a median market rent of $1,913, which may support investor interest but also reflect broader cost pressures for occupants.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.