With interest rates on the rise, will the hot Waldo housing market slow down? Personally, I don’t think so. There may be fewer multiple offers and perhaps price reductions, but there is still so much demand for houses in Waldo, especially priced under $300K. Here are the stats for May, using sales in the street boundaries of State Line to Holmes and Gregory to 85th St, single family properties.
| May 2022 | May 2021 | |
|---|---|---|
| Median list price: | $297,500 | $265,000 |
| Median sales price: | $318,000 | $278,500 |
| No. of homes sold: | 26 | 32 |
| Days on market: | 2 | 2 |
Buyers paid almost 7% over asking price last month with their offers; and compared to a year ago, values are up a whopping 14%! Below are the year-to-date numbers:
| Jan-May 2022 | Jan-May 2021 | |
|---|---|---|
| Median list price: | $250,000 | $250,000 |
| Median sales price: | $278,000 | $264,500 |
| No. of homes sold: | 119 | 148 |
| Days on market: | 3 | 2 |
These figures show us that fewer homes have sold this year; still prices up 5% over 2021. The lowest closed price so far this year is $45,000 and the highest is $650,000. Currently just twelve active single family house listings, ranging in price from $217,950-$535,000 and 12 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 