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.)
Inside Brookside (And Waldo) 