Waldo Home Sales Report-May 2019

I remember a time not that long ago when I would show homebuyers in Waldo a pretty nice, small 3 bedroom, one and a half bath home in Waldo for under $200K near 75th and Wornall. Not anymore–buyers are having to go farther south and/or east, plan fix up projects or get less square feet for that price.  Waldo home values continue to rise at a fast pace. Here are the stats, using the boundaries of State Line to Holmes and Gregory to 85th St:

May 2019                                                                  May 2018

Median list price:     $229,950                               Median list price:      $224,700

Median sales price:    $227,500                            Median sales price:    $227,000

No. of homes sold:       40                                       No. of homes sold:      40

Days on market:          4                                           Days on market:          9

Prices rose over last May, and homes went under contract faster. The lowest sales price was $49,950 and the highest was $375,000.  Here are year-to-date figures:

Jan-May 2019                                                            Jan-May 2018

 Median list price:     $225,000                                Median list price:     $195,000

Median sales price:    $219,950                              Median sales price:     $195,000

No. of homes sold:       132                                      No. of homes sold:          161

Days on market:          10                                        Days on market:           15

Fewer homes have sold YTD, but home prices up 12.79% over last year.  There is still a huge demand for well maintained, move in ready homes in Waldo, especially near the bustling 75th and Wornall intersection. Being close to restaurants, shops, services–on just about every Waldo homebuyers wish list!  Currently there are 32 homes for sale, with a median asking price of $242,475 and 29 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)