Is Waterman, 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, Waterman has remained a Seller's Market.
Housing Prices in Waterman, IL
How much do homes in Waterman, IL cost?
Median Sold Price
$245,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waterman was $245,000 in May 2024, up 30.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $121.2K | $225K | +85.6% |
3 Bedrooms | $235K | $257.5K | +9.6% |
4 Bedrooms | $187.5K | $273.5K | +45.9% |
5+ Bedrooms | - | - | N/A |
Summary: Waterman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Waterman | $187.5K | $245K | +30.7% |
Clinton Township | $145.5K | $187.5K | +28.9% |
Housing Supply in Waterman, IL
How many homes are available in Waterman, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Summary: The Waterman real estate market had 4 homes for sale in May 2024, a 20.0% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waterman 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Waterman in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Waterman, IL
How long does it take to sell a home in Waterman, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 5 Days | -16.7% |
Summary: Homes in Waterman had an average of 5 days on market in May 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Waterman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.