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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watseka is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Watseka, IL

How much do homes in Watseka, IL cost?

Median Sold Price

$97,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,000(+5.4%)

Key Takeaway

Homes in Watseka have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Watseka was $97,000 in March 2024, up 5.4% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $67.2K$55K
-18.2%
2 $75K$56.5K
-24.7%
3 $115K$112.5K
-2.2%
4 $115K$118.8K
+3.3%
5+ $36K$137.5K
+281.9%

Summary: Watseka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 24.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 281.9%.

Median Sold Price Compared To Nearby Cities

Watseka
+5.4%
Belmont Township
+4.2%
Middleport Township
-7.8%

Housing Supply in Watseka, IL

How many homes are available in Watseka, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2224+9.1%

Summary: The Watseka real estate market had 24 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1414
0.0%
4 46
+50.0%
5+ 11
0.0%

Summary: The Watseka housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watseka, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Watseka in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Watseka, IL

How long does it take to sell a home in Watseka, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days40 Days-25.1%

Summary: Homes in Watseka had an average of 40 days on market in Mar 2024, down by 25.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in Watseka; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 18 Days Ago

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