What happened in May
Sellers finally showed up. 213 new listings came on the market in May, up from 178 last May and the highest monthly count in the two years of data.
Buyers kept up. 158 homes sold, and the typical home spent just 5 days on the market. The median sale price was $244,950, up 11.3% from $220,000 last May.
Cedar Falls had 53 sales at a $325,000 median, and Waverly's median reached $337,950. Sellers got 99.2% of list price on average.
Town by town
| Town | Sold | 2025 | Median price | 2025 | Median days | % of list |
|---|---|---|---|---|---|---|
| Waterloo | 85 | 84 | $205,000 | $192,450 | 5 | 99.1% |
| Cedar Falls | 53 | 52 | $325,000 | $306,000 | 4 | 99.6% |
| Waverly | 12 | 12 | $337,950 | $265,000 | 2 | 97.5% |
| Evansdale | 8 | 7 | $154,500 | $158,500 | 19 | 98.2% |
Small towns swing a lot month to month: a few sales can move the median.
What it means for you
More listings means buyers can compare. Prep, photos and the first week's price matter most, because most homes that sold went in days.
May gave you the most to choose from all year. The best homes still went fast, so decide quickly once you find the right one.
Town-wide numbers are a starting point. I'll build you a Game Plan from the actual sales around your home. When you're ready to sell, I'd like to be the one who sells it.
About these numbers
- Closed residential sales (single-family, condo, townhouse, acreage) in Waterloo, Cedar Falls, Evansdale and Waverly, by closing date, from the Paragon MLS of the Northeast Iowa Regional Board of REALTORS®. Pulled Nov 3, 2026.
- "Median" is the middle sale. One month's median moves with the mix of homes that closed, so look at the trend over several months.
- Days on market is the MLS count for each sold home. "% of list price" is total sold dollars divided by total list dollars for the month.