Is Wauconda, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wauconda has remained a Seller's Market.
Housing Prices in Wauconda, IL
How much do homes in Wauconda, IL cost?
Median Sold Price
$312,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wauconda was $312,500 in May 2024, up 13.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $150K | +19.0% |
2 Bedrooms | $175K | $227.4K | +30.0% |
3 Bedrooms | $273.5K | $303K | +10.8% |
4 Bedrooms | $387.5K | $420K | +8.4% |
5+ Bedrooms | $475K | $493K | +3.8% |
Summary: Wauconda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Wauconda | $275K | $312.5K | +13.6% |
Fremont Township | $368.2K | $391.9K | +6.4% |
Wauconda Township | $292K | $310K | +6.2% |
Lake Barrington | $409K | $410K | 0.2% |
Housing Supply in Wauconda, IL
How many homes are available in Wauconda, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 60 | +17.6% |
Summary: The Wauconda real estate market had 60 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 9 | 17 | +88.9% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wauconda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Wauconda in May 2024, up by 35.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 5% were sold at asking, and 58% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 31 Days | +142.1% |
Summary: Homes in Wauconda had an average of 31 days on market in May 2024, up by 142.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Wauconda; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.