Interest rates are rising for homebuyers and home prices are still rising..at least in they are in Waldo! Demand continues to be high for this area, which I designate as Gregory to 85th St; State Line to Holmes. Let’s take a look at the numbers:
| September 2022 | September 2021 | |
|---|---|---|
| Median list price: | $289,000 | $225,000 |
| Median sales price: | $295,000 | $237,500 |
| Days on market: | 5 | 7 |
| No. of homes sold: | 29 | 32 |
Most buyers paid at or over the listed sales price by about 2%; prices were up 24% compared to September 2021. The lowest closed price was $133,000 and the highest was $417,000. Here are the year-to-date numbers:
| Jan-Sept 2022 | Jan-Sept 2021 | |
|---|---|---|
| Median list price: | $263,000 | $250,000 |
| Median sales price: | $278,000 | $263,500 |
| Days on market: | 3 | 2 |
| No. of homes sold: | 237 | 295 |
Although fewer homes have sold this year, by 19% so far, home values are up 5.5% and most buyers pay over asking price. Currently there are 18 single family homes listed in Waldo, with a median price of $275,000 and 18 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 