Is Watseka, 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, Watseka has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.2K | $55K | -18.2% |
2 Bedrooms | $75K | $56.5K | -24.7% |
3 Bedrooms | $115K | $112.5K | -2.2% |
4 Bedrooms | $115K | $118.8K | +3.3% |
5+ Bedrooms | $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 | $92K | $97K | +5.4% |
Belmont Township | $127.5K | $132.9K | +4.2% |
Middleport Township | $75.9K | $70K | -7.8% |
Housing Supply in Watseka, IL
How many homes are available in Watseka, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 24 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 40 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
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.