Interesting news for Waldo home sales in this report- prices are down! What’s that all about?? I’m thinking it’s a fluke; possibly some homes initially priced high and then negotiated down; or more of the less expensive homes in Waldo closed rather than the ones priced closer to $350-$500K. Let’s take a look at the numbers:
| February 2024 | February 2023 | |
|---|---|---|
| Median list price: | $275,000 | $322,500 |
| Median sales price: | $281,000 | $315,000 |
| Days on market: | 6 | 7 |
| No. of homes sold: | 19 | 16 |
The median sales price was down 12% compared to February 2023. Of the 19 properties that closed, nine were at or above asking price so most were below asking. The lowest closed price was $135,000 and the highest was $445,000.
Here are the year-to-date stats:
| Jan-Feb 2024 | Jan-Feb 2023 | |
|---|---|---|
| Median list price: | $275,000 | $289,950 |
| Median sales price: | $281,000 | $299,450 |
| Days on market: | 3 | 20 |
| No. of homes sold: | 29 | 30 |
Year to date, the median price is down 6.5% compared to a year ago; however, buyers still paying over asking price. About the same number of homes have sold. Currently there are 6 single family homes for sale in Waldo, with a median list price of $259,750.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 