Is Wauconda Township, 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 Township has remained a Seller's Market.
Housing Prices in Wauconda Township, IL
How much do homes in Wauconda Township, IL cost?
Median Sold Price
$310,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wauconda Township was $310,000 in May 2024, up 6.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $154.9K | +23.0% |
2 Bedrooms | $205.5K | $229.9K | +11.9% |
3 Bedrooms | $278.2K | $292.7K | +5.2% |
4 Bedrooms | $375K | $406.5K | +8.4% |
5+ Bedrooms | $470K | $485K | +3.2% |
Summary: Wauconda Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Wauconda | $275K | $312.5K | +13.6% |
Wauconda Township | $292K | $310K | +6.2% |
Island Lake | $250K | $263.5K | +5.4% |
Island Lake | $250K | $263.5K | +5.4% |
Housing Supply in Wauconda Township, IL
How many homes are available in Wauconda Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 99 | +15.1% |
Summary: The Wauconda Township real estate market had 99 homes for sale in May 2024, a 15.1% 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 | 23 | 26 | +13.0% |
3 Bedrooms | 39 | 37 | -5.1% |
4 Bedrooms | 19 | 31 | +63.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wauconda Township 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 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Wauconda Township in May 2024, up by 43.5% month-over-month. Of the 33 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Wauconda Township, IL
How long does it take to sell a home in Wauconda Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 23 Days | +62.5% |
Summary: Homes in Wauconda Township had an average of 23 days on market in May 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Wauconda Township; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.