Double digit increases in home values continue in the Waldo area…when is the market going to slow down in this super hot neighborhood?? Here are the May 2018 single family home sales stats for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th St:
May 2018 May 2017
Median list price: $221,750 Median list price: $187,450
Median sales price: $221,000 Median sales price: $189,250
No. of homes sold: 36 No. of homes sold: 44
Days on market: 10 Days on market: 12
Prices were up 16% over same period last year, and most sellers continue to get more than asking price for their properties. Here are the year-to-date figures:
Jan-May 2018 Jan-May 2017
Median list price: $195,000 Median list price: $175,000
Median sales price: $197,000 Median sales price: $177,000
No. of homes sold: 147 No. of homes sold: 157
Days on market: 15 Days on market: 26
Fewer homes are available to buy, so prices are trending upward due to lack of inventory. Home values are up 11% YTD over last year, with most homes selling for over asking price and in a shorter period of time. Currently there are 21 single family homes for sale in Waldo, with a median list price of $269,900 and 23 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Love that you post stats for our neighborhoods. Would be interesting to see highest and lowest listings each month.
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