Is Waukegan, 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, Waukegan has remained a Seller's Market.
Housing Prices in Waukegan, IL
How much do homes in Waukegan, IL cost?
Median Sold Price
$224,966
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waukegan was $224,966 in April 2024, up 12.5% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64K | $72K | +12.6% |
2 Bedrooms | $173K | $185K | +6.9% |
3 Bedrooms | $205K | $225K | +9.8% |
4 Bedrooms | $236.4K | $268K | +13.3% |
5+ Bedrooms | $240K | $260K | +8.3% |
Summary: Waukegan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Waukegan | $200K | $224.9K | +12.5% |
Warren Township | $302K | $339.7K | +12.5% |
Waukegan Township | $189K | $211.6K | +12.0% |
Beach Park | $244.9K | $247K | +0.9% |
Housing Supply in Waukegan, IL
How many homes are available in Waukegan, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 139 | +0.7% |
Summary: The Waukegan real estate market had 139 homes for sale in April 2024, a 0.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 33 | 32 | -3.0% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 32 | 37 | +15.6% |
5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Waukegan 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 decreased by 3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Waukegan in April 2024, the same as the previous month. Of the 43 sold homes, 30% were sold under asking, 14% were sold at asking, and 56% were sold over asking.
Days on Market for Waukegan, IL
How long does it take to sell a home in Waukegan, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 12 Days | -57.5% |
Summary: Homes in Waukegan had an average of 12 days on market in Apr 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Waukegan; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.