What is driving up Waldo home sale prices?  Not enough inventory, lots of buyers and bidding wars.  Once again, sales prices beat the listing price for last month’s stats.  Here is the single family home sales report  for September 2017, with comparisons to last year; and I’m using the street boundaries of Gregory to 85th St and Holmes to State Line:

September 2017

Median List Price:     $175,000

Median Sales Price:   $187,000

No. of Homes Sold:       29

Days on Market:           10

September 2016

Median List Price:     $164,450

Median Sales Price:   $161,000

No. of Homes Sold:      38

Days on Market:           30

The lowest closed price in Waldo last month was $37,500 and the highest was $317,500.  Nine of the 29 homes closed at or above list price.  One house, listed at $119,000 sold for $139,000–that’s $20K over asking price!

Checking year-to-date figures:

January-September 2017

Median List Price:     $177,000

Median Sales Price:   $175,000

No. of Homes Sold:      303

Days on Market:            14

January – September 2016

Median List Price:     $165,000

Median Sales Price:   $164,000

No. of Homes Sold:     321

Days on Market:          23

Median sales prices are up in Waldo 7.9% compared to last year, and homes are selling faster.  Currently there are 28 active single family homes on the market in Waldo, with a median list price of $187,500.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)