Halfway through the year and Waldo home prices overall are up, which is the opposite of it’s neighbor Brookside during the same time frame. Let’s take a look; these stats are for single family homes bounded by State Line to Holmes and Gregory to 85th St.
| JUNE 2024 | JUNE 2023 | |
|---|---|---|
| Median list price: | $305,000 | $322,500 |
| Median sales price: | $326,000 | $333,750 |
| Days on market: | 4 | 3 |
| No. of homes sold: | 33 | 36 |
Buyers paid an average of 6.8% over asking price; yet prices dropped just over 2% compared to the same period last year. The lowest closed price was $125,000 and the highest was $631,000–that was $56K over list price. Yes friends, there are still bidding wars going on! Here are the year-to-date numbers:
| JAN-JUNE 2024 | JAN-JUNE 2023 | |
|---|---|---|
| Median list price: | $299,000 | $292,500 |
| Median sales price: | $305,500 | $296,000 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 128 | 142 |
Here we see that the median sales price rose 3% compared to a year ago; that is a modest increase. Buyers are paying about 2% over the list price; the number of homes that changed owners dropped by 10%.
Currently there are 23 single family homes for sale in Waldo–and over half of them are under $300K. Current median price is $255,000. This could be the time to buy–more selection as some homes sit on the market longer. Traditionally there is some reason a house sits for more than a few days–just see the days on market stat in the charts above! Still, if buyers can be a bit more flexible, there may be some Waldo deals out there!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 