You may have heard that home prices are coming down…and that may be true in some areas, because “all real estate is local” as the saying goes. Waldo, however, continues to see rising prices. Here are the July stats for single family home sales in this area: Holmes to State Line; Gregory to 85th St:
| JULY 2024 | JULY 2023 | |
|---|---|---|
| Median list price: | $295,000 | $250,000 |
| Median sales price: | $305,000 | $270,000 |
| Days on market: | 3 | 2 |
| No. of homes sold: | 27 | 19 |
Prices were up 13% over July 2023 and most sellers are getting asking price or a bit over. Just about 42% more homes changed ownership and most do not sit on the market a long time. The lowest closed price was $100K and the highest was $532,000. Here are the year-to-date numbers:
| JAN-JULY 2024 | JAN-JULY 2023 | |
|---|---|---|
| Median list price: | $299,000 | $292,500 |
| Median sales price: | $305,000 | $299,450 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 154 | 162 |
These numbers, though, show the number of homes sold is down but not by much; prices are up just under 2% for the year. Remember, it usually takes 30-60 days for a house to close once it is under contract so the July 2024 closed sales likely went under contract in May and June, peak buying season. Currently there are 33 properties for sale in Waldo, with a median list price of $295,000 and 33 days on the market. Prices range from $160,000-$525,000. Waldo continues to be an affordable and desirable place to live!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 