Waldo Home Sales Report & Year End Comparisons

Waldo home values have really shot up over the past five years..I remember when a buyer could purchase a cute, updated home north of 75th St for under $200K!  First let’s take a look at December stats, and then YTD comparisons.  I’m using the boundaries of State Line to Holmes; Gregory to 85th St.

December 2019                                         December 2018

Median list price:     $222,500                 Median list price:     $222.500

Median sales price:   $215,725                Median sales price:    $220,000

No. of homes sold:    32                            No. of homes sold:    16

Days on market:       21                              Days on market:      16

Sold prices fell just under 2% compared to last December.  Almost twice as many homes closed, and the days on market was a few days longer.  Now we’ll check YTD figures for the past five years..you can see the values steadily increasing:

Year            Median List Price      Median Sales Price     No. Sold      DOM

2019               $225,000                        $220,000                      3               11                

2018               $200,000                        $205,000                      369          19

2017               $175,000                        $177,000                      383          12

2016               $165,000                        $166,000                        38          20

2015              $159,900                         $156,000                      341           34

Waldo values were up 5.96% last year compared to 2018; and a whopping 39% since 2015.  Homes are going under contract faster too.  The lowest sales price in 2019 was $12,000 and the highest was $454,000.  Currently there are 29 active listings, with an average price of $225,000 and 16 days on market.  I think Waldo will continue to be a preferred destination for many first time buyers in 2020–and investors as well.

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