Is Waukegan Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waukegan Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Waukegan Township, IL

How much do homes in Waukegan Township, IL cost?

Median Sold Price

$221,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,446(+8.0%)

Key Takeaway

Homes in Waukegan Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Waukegan Township was $221,500 in November 2024, up 8% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $67K$89.9K
+34.2%
2 $175K$195K
+11.4%
3 $215K$229.9K
+6.9%
4 $234.9K$247K
+5.2%
5+ $232.5K$250K
+7.5%

Summary: Waukegan Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Beach Park
+17.4%
North Chicago
+12.8%
Waukegan
+8.5%
Waukegan Township
+8.0%

Housing Supply in Waukegan Township, IL

How many homes are available in Waukegan Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
188172-8.5%

Summary: The Waukegan Township real estate market had 172 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 4037
-7.5%
3 8675
-12.8%
4 3938
-2.6%
5+ 2020
0.0%

Summary: The Waukegan Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6246-25.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waukegan Township, you could pay more than the asking price. 37% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Waukegan Township in November 2024, down by 25.8% month-over-month. Of the 46 sold homes, 35% were sold under asking, 28% were sold at asking, and 37% were sold over asking.

Days on Market for Waukegan Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days20 Days-3.7%

Summary: Homes in Waukegan Township had an average of 20 days on market in Nov 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 46 homes were sold in Waukegan Township; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% 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

Newest Listings in Waukegan Township, IL

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