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 2022||October 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 2022||Jan-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.)