Waldo Home Sales Report-October 2021

As we head towards the end of the year, home sales traditionally dip in the fourth quarter—not as much inventory and the holidays/cold weather keep people inside.  But there is no lack of demand for Waldo homes—more sales this year with higher average prices.  Will watch and see what happens the last two months of the year. Here are the stats for single family home sales in Waldo, using the boundaries of State Line to Holmes; Gregory to 85th:

October 2021                                              October 2020

Median list price:     $230,000                $220,000

Median sales price:    $240,000              $236,250

No. of homes sold:     38                            30

Days on market:         9                               2

The lowest closed price last month was $120,000 and the highest was $498,500.  Prices edged up just over 1% compared to last year. Below are the year-to-date numbers:

Jan-Oct 2021                                               Jan-Oct 2020

Median list price:     $224,950                $230,000

Median sales price:    $263,500             $230,000

No. of homes sold:    336                          319

Days on market:        3                               4                        

This year buyers are paying at least 5% over list price, and home values are up 14% over last year. Up up up!! Currently there are 12 active listings in Waldo, with an average of 42 days on market and a median price of $237,450.

Hope everyone has a safe and happy Thanksgiving holiday!

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

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