With interest rates on the rise, will the hot Waldo housing market slow down? Personally, I don't think so. There may be fewer multiple offers and perhaps price reductions, but there is still so much demand for houses in Waldo, especially priced under $300K. Here are the stats for May, using sales in the street boundaries of State Line to Holmes and Gregory to 85th St, single family properties.
|May 2022||May 2021|
|Median list price:||$297,000||$265,000|
|Median sales price:||$318,000||$278,000|
|No. homes sold:||26||32|
|Days on market:||2||2|
Buyers paid almost 7% over asking price last month with their offers; and compared to a year ago, values are up a whopping 14%! Below are the year-to-date numbers:
|Jan-May 2022||Jan-May 2021|
|Median list price:||$250,000||$264,500|
|Median sales price:||$278,000||$264,500|
|No. homes sold:||119||148|
|Days on market:||3||2|
These figures show us that fewer homes have sold this year; still prices up 5% over 2021. The lowest closed price so far this year is $45,000 and the highest is $650,000. Currently just twelve active single family house listings in Waldo, with a median list price of $325,000 and nine days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)