$4,726 Closing Credit*
$398,000
1,663 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Pinnacle
Is Waterloo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Waterloo was a Neutral Market.
Key Takeaway
Waterloo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterloo, IL
How much do homes in Waterloo, IL cost?
Median Sold Price
$321,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+3.5%)
Key Takeaway
Homes in Waterloo have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Waterloo was $321,000 in October 2024, up 3.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $293.3K | $98.7K | -66.3% |
| 2 Bedrooms | $185K | $192K | +3.8% |
| 3 Bedrooms | $310K | $326.5K | +5.3% |
| 4 Bedrooms | $365K | $399.9K | +9.6% |
| 5+ Bedrooms | $374.9K | $450K | +20.0% |
Summary: Waterloo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 20%.
Housing Supply in Waterloo, IL
How many homes are available in Waterloo, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 76 | +4.1% |
Summary: The Waterloo real estate market had 76 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 40 | 44 | +10.0% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Waterloo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterloo, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Waterloo in October 2024, up by 28.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +24.7% |
Summary: Homes in Waterloo had an average of 38 days on market in Oct 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waterloo has remained consistent over time.
Summary: During October 2024, 18 homes were sold in Waterloo; 28% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.