Is Wauconda, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wauconda has remained a Seller's Market.
Housing Prices in Wauconda, IL
How much do homes in Wauconda, IL cost?
Median Sold Price
$318,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wauconda was $318,500 in April 2024, up 20.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $150K | +30.4% |
2 Bedrooms | $182K | $222K | +22.0% |
3 Bedrooms | $265K | $310K | +17.0% |
4 Bedrooms | $383K | $420K | +9.7% |
5+ Bedrooms | $475K | $490.5K | +3.3% |
Summary: Wauconda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Wauconda | $265K | $318.5K | +20.2% |
Fremont Township | $365K | $395K | +8.2% |
Lake Barrington | $390K | $410K | +5.1% |
Wauconda Township | $290K | $303K | +4.5% |
Housing Supply in Wauconda, IL
How many homes are available in Wauconda, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 52 | +6.1% |
Summary: The Wauconda real estate market had 52 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 24 | 25 | +4.2% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wauconda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Wauconda in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 22 Days | +71.7% |
Summary: Homes in Wauconda had an average of 22 days on market in Apr 2024, up by 71.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Wauconda; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.