Wonderful Waldo, homebuyers want to live there and prices keep going up as a result! There’s been a big gain in home values compared to last year, as you’ll see with the stats below. Let’s start with the July numbers; I’m using Waldo boundaries of Gregory to 85th and State Line to Holmes for the numbers:
| July 2022 | July 2021 | |
|---|---|---|
| Median list price: | $285,000 | $234,500 |
| Median sales price: | $301,000 | $260,000 |
| Days on market: | 3 | 2 |
| No. homes sold: | 35 | 32 |
Homes that closed last month were about 5% over the asking price; and values rose 15.7% compared to July 2021. The lowest closed price was $150K and the highest was $525,000.
Here are the year-to-date stats:
| January -July 2022 | January-July 2021 | |
|---|---|---|
| Median list price: | $259,000 | $250,000 |
| Median sales price: | $278,000 | $265,000 |
| Days on market: | 3 | 2 |
| No. homes sold: | 187 | 233 |
Overall, home prices are up 4.9% this year as compared to same period last year. And buyers are still paying over the list price. You’ll note fewer houses selling; 25% less than a year ago. This could be a result of higher interest rates that kicked in this spring.
Currently there are 18 single family homes for sale in Waldo with an average list price of $270,500 and 17 days on the market. Prices range from $139,000 to $485,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 