Waldo home prices have been rising fast--will the pandemic slow down the market? Prices in the Brookside/Waldo area have taken a dip, but I still see strong demand for homes in these areas. Let's take a look at the numbers for Waldo, using the boundaries of State Line to Holmes and Gregory to 85th:
April 2020 April 2019
Median list price: $197,500 $227,000
Median sales price: $208,000 $217,750
No. of homes sold: 26 32
Days on market: 5 9
Home prices down about 4.5% compared to April of last year. However, note that sellers were getting over list price for their properties. This may be due to bidding wars as a result of lower inventory. Below are the year-to-date comparisons:
Jan-April 2020 Jan-April 2019
Median list price: $209,450 $225,000
Median sales price: $210,750 $219,900
No. of homes sold: 90 93
Days on market: 21 19
Year-to-date, prices have fallen just over 4%. Currently there are eleven active single family listings in Waldo, with an average price of $279,900 and 14 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
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