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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wauconda is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Wauconda, IL

How much do homes in Wauconda, IL cost?

Median Sold Price

$315,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.6%)

Key Takeaway

Homes in Wauconda have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Wauconda was $315,000 in November 2024, up 1.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $143.5K$105K
-26.8%
2 $187.2K$209.7K
+12.0%
3 $310K$313.2K
+1.0%
4 $405K$421.5K
+4.1%
5+ $475K$550.5K
+15.9%

Summary: Wauconda housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Wauconda Township
+5.3%
Lake Barrington
+4.2%
Fremont Township
+2.2%
Wauconda
+1.6%

Housing Supply in Wauconda, IL

How many homes are available in Wauconda, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6460-6.3%

Summary: The Wauconda real estate market had 60 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1217
+41.7%
3 3126
-16.1%
4 2015
-25.0%
5+ 01
+100.0%

Summary: The Wauconda 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 increased by 41.7%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wauconda, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Wauconda in November 2024, up by 11.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.

Days on Market for Wauconda, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days32 Days+35.4%

Summary: Homes in Wauconda had an average of 32 days on market in Nov 2024, up by 35.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 20 homes were sold in Wauconda; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

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