Is Rake, IA 50465 a buyer’s or seller’s market?
Rake is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Rake housing market right now
In the three months ending August 31, 2026, 0% of homes in Rake, IA 50465 sold above their list price, the typical home went under contract in 92 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Winnebago County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Lake Mills 50450 (38% sold over asking) and Forest City 50436 (13% sold over asking) are even more competitive.
Run the numbers for 50465
Nearby markets
Buffalo Center 50424Buyer’s market $48 /sq ftForest City 50436Buyer’s market $96 /sq ftLake Mills 50450Seller’s market $116 /sq ftLeland 50453Buyer’s market $95 /sq ft Browse all markets →Where Rake is
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Questions about Rake real estate
Is Rake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Rake, IA 50465 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Rake?
The typical home went under contract in 92 days in the latest three months.
Do homes in Rake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.2% of the list price.
What are property taxes in Rake?
About 1.32% of a home’s value a year in Winnebago County, or roughly $5,280 on a $400,000 home.
What is the median home price in Rake?
The median sale price was $35,984 in the three months ending August 31, 2026, about $47 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology