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Featured local agent — Waverly, IA
Sarah Mitchell
Compass Real Estate · Waverly, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waverly, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$319,950median sale price
How is the Waverly, IA housing market right now?
The median home sale price in Waverly, IA is $319,950, up 18.5% year-over-year. Homes sell in an average of 32 days with 31 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Waverly a buyer's or seller's market?
Waverly, IA is currently a balanced market, based on 3.1 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
32
Average pace
Active listings
31
3.1 months supply
Sale-to-list
97.0%
Below asking
What does the Waverly housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $319,950 |
| Median list price | $274,700 |
| Year-over-year price change | +18.5% |
| Average days on market | 32 days |
| Active inventory | 31 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $132/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 22 |
| Listings with a price cut | 29.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Waverly by property type?
How the Waverly, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $329,900 | $130/sq ft | 9 | 29 days |
| Condo / Co-op | $310,000 | $141/sq ft | 1 | 79 days |
Source: Redfin · Updated monthly
The Waverly housing market is currently classified as a balanced market with a median sale price of $319,950. Prices have risen 18.5% compared to last year, with homes spending an average of 32 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Waverly
There are currently 31 homes listed for sale in Waverly, Iowa. The median listing price is $275K.
Active listings
31
Homes on market
Median list price
$275K
Avg. days on market
32
Days until sale
New this week
22
Newly listed
Who lives in Waverly?
Population
10,446
Median income
$78,429/yr
Median age
32.5 years
Owner-occupied
71.2%
College grads
43.9%
Avg commute
16.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Waverly?
Zillow home value
$283,034
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Waverly?
Waverly is a community of approximately 10K residents with a median age of 32.5 years.The median household income is $78,429, which reflects a relatively affluent area with strong earning potential. 43.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 71.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 16.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waverly offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waverly?
6 schools tracked · 2,109 students
The largest public schools serving Waverly, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Waverly-Shell Rock Senior High School
Grades 9-12 · 746 students
Waverly-Shell Rock Middle School
Grades 5-8 · 696 students
Margaretta Carey Elementary School
Grades K-4 · 238 students
West Cedar Elementary School
Grades K-4 · 225 students
Southeast Elementary School
Grades K-4 · 167 students
Greenview Alternative School
Grades 9-12 · 37 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Waverly, IA?
Want a head-to-head view? Compare Waverly side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Waverly?
The median home sale price in Waverly is $319,950, up 18.5% from last year.
How long do homes stay on market in Waverly?
Homes typically spend 32 days on market before going under contract.
What is the median income in Waverly?
The median household income is $78,429 per year.
Is Waverly a buyer's or seller's market?
With 3.1 months of supply, Waverly is currently a balanced market.
What is the Zillow home value estimate for Waverly?
The Zillow Home Value Index (ZHVI) for Waverly is $283,034, representing the typical home value in the area.
What is the median condo price in Waverly?
The median condo/co-op sale price in Waverly, IA is $310,000, compared to $329,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waverly?
The median single-family home price in Waverly, IA is $329,900 (about $130 per square foot).
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