Waldo Home Sales Report-October 2022

Here we are, heading towards the end of the year, and Waldo home sales are slowing down..yet prices are up! Let’s take a look at the details… I’m using the street boundaries of State Line to Holmes/Gregory to 85th for these stats:

October 2022October 2021
Median list price:$280,000$230,000
Median sales price:$280,000$235,000
Days on market: 13 9
No. of homes sold: 22 37

Buyers are still paying list price or above for most properties; and the closed price was 19% ahead of October 2021. The lowest sale price was $60,500 and the highest was $650,000. Below are the year-to-date numbers:

Jan-Oct 2022Jan-Oct 2021
Median list price:$263,950$249,900
Median sales price:$276,000$260,000
Days on market: 3 3
No. of homes sold: 252 328

So far, 30% fewer homes have sold compared to last year–probably cause is the higher interest rates that kicked in late Spring; and yet buyers are still paying over the list price as home values are up 6% over 2021.

Currently there are 18 single family homes for sale in Waldo, with a median list price of $364,750 and 25 days on market.

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