Cedar Falls stayed tight even with mortgage rates above 7%
Freddie Mac put the 30-year fixed rate at 7.32% on October 22, 2026. That is a real cost. But the Cedar Falls market, for the three months ending August 31, 2026, barely blinked. The Real Estate Data Aggregator counted just 1.8 months of supply in ZIP 50613. That means the shelf stays thin, and priced-right homes do not sit long.
Nationally, Realtor.com reported that mortgage rates climbed above 7% for the first time since January 2025. Cedar Falls felt that too. Still, the local numbers held up better than you might expect.
Cedar Falls (50613): the three months ending August 31, 2026
The Real Estate Data Aggregator counted 174 homes sold in ZIP 50613, up 3.6% from the same months of 2025. The median sale price reached $312,000, up 9.3% year over year. Prices did not stall here.
The Real Estate Data Aggregator found that 59% of Cedar Falls homes went under contract within two weeks of listing. That share is up 11.4 points from the same period in 2025. And 44.8% of homes sold above list price, up 2.5 points year over year. That is not every home, but it is nearly half.
One honest note: new listings in 50613 fell 4.9% and homes for sale dropped 15.3% from a year ago. There are fewer choices for buyers. That is part of why priced-right homes move so fast.
How the Waterloo ZIPs compare
The Real Estate Data Aggregator also covers three Waterloo ZIP codes nearby. Each one tells a slightly different story.
| 50613 Cedar Falls | 50701 Waterloo | 50702 Waterloo | 50703 Waterloo | |
|---|---|---|---|---|
| Median sale price | $312,000 | $219,000 | $162,000 | $90,313 |
| Median days on market | 10 | 9 | 8 | 12 |
| Months of supply | 1.8 | 2.6 | 1.5 | 2.3 |
| Sale to list price | 99.8% | 98.5% | 98.9% | 97.5% |
| Under contract in 2 weeks | 59% | 62% | 62.2% | 50% |
ZIP 50702 had the tightest supply at 1.5 months, per the Real Estate Data Aggregator. It also had the fastest median sale at 8 days. ZIP 50703 saw prices dip 10.2% and days on market stretch to 12. More supply arrived there too, up 59.1% in homes for sale. That ZIP moved more slowly.
ZIP 50701 sold 120 homes, down 7% from a year ago, and the median price slipped 1.6%, according to the Real Estate Data Aggregator. Supply there rose 0.5 months. It is looser than Cedar Falls, but 62% of homes still went under contract within two weeks.
For context on prices: the Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026. Cedar Falls at 9.3% ran well ahead of that national pace.
- Freddie Mac's 7.32% rate is real, and it adds to monthly payments.
- But the Real Estate Data Aggregator shows Cedar Falls at 1.8 months of supply, 10 median days on market, and 59% of homes under contract in two weeks.
- Higher rates have not undone the tight conditions here.
- Pricing still matters.
- A home priced well can still find a buyer fast.
- One that is priced too high will sit, even in a tight market.
One last thing: these numbers cover full ZIP codes. One street can read very differently from the whole ZIP. A block with more inventory or a different price range will behave its own way. If you want to know what the numbers say about your specific address, send me a text.
Your next step
(319) 504-3640Text me your address and I will send back how your Cedar Falls home compares with what actually sold nearby, including days on market and sale-to-list price for homes like yours. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 50613, 50701, 50702 and 50703, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Oct 25, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: U.S. Home Prices Ticked Up 0.25% in September, Oct 20, 2026
- Realtor.com: September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years, Oct 15, 2026
- No Real Estate Data Aggregator numbers for 50614, so this part is from websites alone.
- No Real Estate Data Aggregator numbers for 50704, so this part is from websites alone.