You’ve heard the housing market is slowing down…when actually, it’s just falling back into a more normal pattern. It’s not quite as crazy as it was the first few months of the year, but buyers are still out there ready to purchase! Here are the stats for single family home sales in Waldo, using the boundaries of Gregory to 85th St; State Line to Holmes:
| August 2022 | August 2021 | |
|---|---|---|
| Median list price: | $235,000 | $267,000 |
| Median sales price: | $237,000 | $271,500 |
| Days on market: | 4 | 2 |
| No. of homes sold: | 24 | 38 |
The drop from the August 2021 closed price to August 2022 was 14% Fewer homes sold last month, and it took a bit longer for those to go under contract. The lowest sold price last month was $95,000 and the highest was $455,000. Here are the year-to-date stats:
| Jan-Aug 2022 | Jan-Aug 2021 | |
|---|---|---|
| Median list price: | $249,925 | $252,500 |
| Median sales price: | $267,250 | $265,000 |
| Days on market: | 3 | 2 |
| No. of homes sold: | 194 | 258 |
Year to date, 24% fewer homes have sold in the Waldo area; the median sales price is comparable to 2021 and overall, buyers still paying more than list price for homes. The market is slowing down but there are still buyers! Currently there are 18 single family homes for sale in Waldo, ranging in price from $124,500-$450K and 20 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 