Waldo Home Sales Report – February 2022

I have some interesting numbers to report today regarding Waldo home sales stats–overall prices are lower compared to a year ago. That’s unusual, and as we are now in the strong spring home buying season, and I don’t think we can expect falling prices as a trend! I am checking single family homes in Waldo, using the boundaries of State Line to Holmes and Gregory to 85th St:

February 2022February 2021
Median list price:$245,000$289,475
Median sales price:$256,000$298,750
No. of homes sold: 25 24
Days on market: 3 18

The lowest closed price last month was $155K; the highest was $467K. Prices were 14% lower than February 2021. Here are the year-to-date stats:

Jan-Feb 2022Jan-Feb 2021
Median list price: $233,750 $265,000
Median sales price: $238,500 $265,000
No. of homes sold: 42 47
Days on market: 3 13

You can see a fewer number of homes sold, and final closed price was lower than last year. However, that final 2022l sales price is still higher than the list price. There continues to be a lack of inventory and homes are going under contract very fast; I don’t see that changing over the next few months. Right now there are just four single family homes for sale in Waldo, with a median price of $251,750.

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

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