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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wauconda is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Wauconda, IL

How much do homes in Wauconda, IL cost?

Median Sold Price

$300,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,500(-2.4%)

Key Takeaway

Homes in Wauconda have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Wauconda was $300,000 in September 2024, down 2.4% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $137K$150K
+9.5%
2 $192K$210.6K
+9.7%
3 $295K$315K
+6.8%
4 $410K$399.9K
-2.5%
5+ $475K$550.5K
+15.9%

Summary: Wauconda housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Lake Barrington
+6.6%
Wauconda Township
+2.0%
Fremont Township
+1.3%
Wauconda
-2.4%

Housing Supply in Wauconda, IL

How many homes are available in Wauconda, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6575+15.4%

Summary: The Wauconda real estate market had 75 homes for sale in September 2024, a 15.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1916
-15.8%
3 2636
+38.5%
4 1721
+23.5%
5+ 32
-33.3%

Summary: The Wauconda housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
16160.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wauconda, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Wauconda in September 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
20 Days15 Days-24.9%

Summary: Homes in Wauconda had an average of 15 days on market in Sep 2024, down by 24.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 16 homes were sold in Wauconda; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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