Is Waterman, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waterman is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Waterman has remained a Seller's Market.

Key Takeaway

Waterman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$57,500(+30.7%)

Key Takeaway

Homes in Waterman have sold for 30.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $121.2K$225K
+85.6%
3 $235K$257.5K
+9.6%
4 $187.5K$273.5K
+45.9%
5+ --
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
+30.7%
Clinton Township
+28.9%

Housing Supply in Waterman, IL

How many homes are available in Waterman, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
54-20.0%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 22
0.0%
5+ 00
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 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waterman, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
6 Days5 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 5 Days Ago

Newest Listings in Waterman, IL

Nearby Markets to Waterman, IL