Waukee, IA 50263 Real Estate Market Report

ZIP Code: 50263
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Waukee IA are averaging 6.49%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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

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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.

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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.

Waukee, IA 50263 Real Estate Market Report

ZIP Code: 50263
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Waukee IA are averaging 6.49%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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

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Key Findings

1. The primary market indicator, the median sold price of 171,500, signals recent transaction values that are below prior highs and, combined with a down price year-over-year trend, suggests price softening in Waukee as of May 2026.

2. The median days on market of 380 points to substantially slower sales velocity and may indicate increased negotiation time and pricing friction rather than rapid turnover; this aligns with the market being characterized as cold in available trend metrics.

3. The median price per square foot of 156, together with a median market rent of 1,300, frames current valuation and income context for SFR and condo investors, while rent trends are up, indicating rental demand or yield pressure despite softer sale prices.

4. Elevated interest rate pressure and current mortgage conditions—30-year fixed rates averaging 6.49%—are a constraining factor on buyer affordability and likely contribute to the observed slower transaction velocity and relatively constrained active supply; sellers should anticipate longer time-to-contract and consider realistic pricing strategies.

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Notable Properties

The following 6 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.