Is Waterloo, IA 50702 a buyer’s or seller’s market?

The Waterloo housing market right now

In the three months ending August 31, 2026, 35% of homes in Waterloo, IA 50702 sold above their list price, the typical home went under contract in 8 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 87 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (34% then), homes sold faster (10 days then) and the median sale price fell 3% to $161,930. Overall, Waterloo is about as competitive as it was a year ago.

Within Black Hawk County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Waterloo ranks #15 of 156 IA ZIP codes with enough sales (score 76 out of 100).

Nearby, buyers who want less competition could look at Raymond 50667 (0% sold over asking) or Dunkerton 50626 (0% sold over asking), while La Porte City 50651 (56% sold over asking) and Gilbertville 50634 (50% sold over asking) are even more competitive.