The holidays in your own home…it’s a special time! Perhaps you purchased a home in Brookside or Waldo within the past year or so…know that your property value is likely on the rise! Higher interest rates have slowed the number of houses sold, but Waldo prices are still going up. Let’s look at the numbers…I’m using the street boundaries of Holmes to State Line/Gregory to 85th St for these stats:
| November 2022 | November 2021 | |
|---|---|---|
| Median list price: | $245,000 | $235,000 |
| Median sales price: | $257,000 | $225,000 |
| Days on market: | 4 | 3 |
| No. of homes sold: | 19 | 35 |
Values rose 14% compared to November 2021, with 45% fewer homes closing last month compared to a year ago. Still, buyers are regularly paying over the list price. Here are the year-to-date numbers:
| Jan-Nov 2022 | Jan-Nov 2021 | |
|---|---|---|
| Median list price: | $259,450 | $247,950 |
| Median sales price: | $275,000 | $258,700 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 262 | 362 |
For the year, prices are up just over 6%; although 27% fewer homes have sold so far. Waldo continues to be a very hot location for buyers despite the higher interest rates–most homes go under contract within a few days. Next month I’ll post Dec stats and a year end wrap up! Currently there are 16 active single family listings in Waldo with a median price of $252,778. The lowest asking price is $75K and the highest is $440K.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 