Is Waterloo, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Waterloo has remained a Seller's Market.
Housing Prices in Waterloo, IL
How much do homes in Waterloo, IL cost?
Median Sold Price
$305,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Waterloo was $305,000 in March 2024, up 5.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112.5K | N/A |
2 Bedrooms | $175.7K | $189.9K | +8.1% |
3 Bedrooms | $289K | $315K | +9.0% |
4 Bedrooms | $342.4K | $350K | +2.2% |
5+ Bedrooms | $350K | $329.3K | -5.9% |
Summary: Waterloo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Waterloo, IL
How many homes are available in Waterloo, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 50 | -3.8% |
Summary: The Waterloo real estate market had 50 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waterloo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Waterloo in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Waterloo, IL
How long does it take to sell a home in Waterloo, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 73 Days | +10.9% |
Summary: Homes in Waterloo had an average of 73 days on market in Mar 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Waterloo; 19% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.