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 May 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

$312,500

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,500(+13.6%)

Key Takeaway

Homes in Wauconda have sold for 13.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $126K$150K
+19.0%
2 $175K$227.4K
+30.0%
3 $273.5K$303K
+10.8%
4 $387.5K$420K
+8.4%
5+ $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
+13.6%
Fremont Township
+6.4%
Wauconda Township
+6.2%
Lake Barrington
0.2%

Housing Supply in Wauconda, IL

How many homes are available in Wauconda, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5160+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 2423
-4.2%
4 917
+88.9%
5+ 33
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 2024May 2024CHANGE
1419+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wauconda, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

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 2023May 2024CHANGE
13 Days31 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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