Waldo homes are continuing to sell quickly however prices have calmed down somewhat–and fewer homes are selling, no doubt due to a continued lack of inventory and much higher interest rates than April 2022. Let’s take a look at the numbers; I’m using the boundaries of State Line-Holmes and Gregory to 85th for this report:
| april 2023 | april 2022 | |
|---|---|---|
| Median list price: | $260,000 | $250,000 |
| Median sales price: | $275,500 | $275,000 |
| No. of homes sold: | 21 | 27 |
| Days on market: | 3 | 3 |
The interesting fact about the sold price for last month was 1) it was above asking price, so buyers still paying more than list price and 2) the sold price was virtually unchanged from a year ago. With most homes selling within a few days of hitting the market, buyers have to be quick to see the new houses quickly. The lowest closed price last month was $175K and the highest was $470K. Below are the year-to-date numbers:
| January-april 2023 | january-april 2022 | |
|---|---|---|
| Median list price: | $275,000 | $244,500 |
| Median sales price: | $275,000 | $261,500 |
| No. of homes sold: | 71 | 94 |
| Days on market: | 8 | 3 |
Waldo home values have risen 5% YTD compared to 2022. Note that 32% fewer homes have closed, and some homes are sitting on the market just a little longer. Currently there are just three single family homes for sale in Waldo, with a median price of $359,000 and 12 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 