Is Waukegan 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, Waukegan Township has remained a Seller's Market.
Housing Prices in Waukegan Township, IL
How much do homes in Waukegan Township, IL cost?
Median Sold Price
$211,600
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waukegan Township was $211,600 in May 2024, up 11.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63K | $72K | +14.3% |
2 Bedrooms | $170K | $182.5K | +7.4% |
3 Bedrooms | $200K | $220K | +10.0% |
4 Bedrooms | $218.5K | $235K | +7.6% |
5+ Bedrooms | $222.5K | $230K | +3.4% |
Summary: Waukegan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Waukegan | $200K | $224.9K | +12.5% |
Waukegan Township | $189.9K | $211.6K | +11.4% |
North Chicago | $170K | $182.5K | +7.4% |
Beach Park | $245K | $248K | +1.2% |
Housing Supply in Waukegan Township, IL
How many homes are available in Waukegan Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 150 | +13.6% |
Summary: The Waukegan Township real estate market had 150 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 63 | 70 | +11.1% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Waukegan 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 14.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 41 | -6.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Waukegan Township in May 2024, down by 6.8% month-over-month. Of the 41 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for Waukegan Township, IL
How long does it take to sell a home in Waukegan Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -30.8% |
Summary: Homes in Waukegan Township had an average of 23 days on market in May 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Waukegan Township; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.