Is Waterloo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waterloo has remained a Seller's Market.
Housing Prices in Waterloo, IL
How much do homes in Waterloo, IL cost?
Median Sold Price
$306,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waterloo was $306,000 in May 2024, up 2.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112.5K | N/A |
2 Bedrooms | $175K | $191.5K | +9.4% |
3 Bedrooms | $299.9K | $308.5K | +2.9% |
4 Bedrooms | $339.9K | $365K | +7.4% |
5+ Bedrooms | $362.4K | $323.6K | -10.7% |
Summary: Waterloo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in Waterloo, IL
How many homes are available in Waterloo, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Summary: The Waterloo real estate market had 60 homes for sale in May 2024, a 22.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Waterloo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Waterloo in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Waterloo, IL
How long does it take to sell a home in Waterloo, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 34 Days | -16.0% |
Summary: Homes in Waterloo had an average of 34 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Waterloo; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.