Is Watseka, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watseka is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Watseka has remained a Seller's Market.

Key Takeaway

Watseka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Watseka, IL

How much do homes in Watseka, IL cost?

Median Sold Price

$105,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,500(+5.5%)

Key Takeaway

Homes in Watseka have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Watseka was $105,000 in November 2024, up 5.5% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K-
N/A
2 $67.5K$72K
+6.7%
3 $104K$115K
+10.6%
4 $122.8K$100K
-18.6%
5+ $137.5K$138.5K
+0.7%

Summary: Watseka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

Middleport Township
+24.2%
Watseka
+5.5%
Belmont Township
-7.0%

Housing Supply in Watseka, IL

How many homes are available in Watseka, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4338-11.6%

Summary: The Watseka real estate market had 38 homes for sale in November 2024, a 11.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 3024
-20.0%
4 46
+50.0%
5+ 22
0.0%

Summary: The Watseka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watseka, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Watseka in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Watseka, IL

How long does it take to sell a home in Watseka, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days31 Days-2.7%

Summary: Homes in Watseka had an average of 31 days on market in Nov 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Watseka are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Watseka; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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