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 November 2021

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.

How much do homes in Wauconda, IL cost?

Median Sold Price

$260,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$5,000(+2.0%)

Key Takeaway

Homes in Wauconda have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $129.5K$132K
+1.9%
2 $182.5K$180K
-1.4%
3 $243.5K$267.5K
+9.9%
4 $339.2K$386.2K
+13.9%
5+ $375K$479.9K
+28.0%

Median Sold Price Compared To Nearby Cities

Fremont Township
+15.2%
Wauconda Township
+8.0%
Wauconda
+2.0%
Lake Barrington
-7.3%

How many homes are available in Wauconda, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4542-6.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1111
0.0%
3 1716
-5.9%
4 1211
-8.3%
5+ 54
-20.0%

Number of Homes Sold

Oct 2022Nov 2022%
1412-14.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 75% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days18 Days-1.7%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wauconda, IL

Wauconda, IL has 42 homes for sale to choose from. The inventory of homes for sale in Wauconda, IL between October 2022 and November 2022 decreased by 6.7%. The median list price of listings available in November 2022 was $260,000, while the average time on the real estate market was 18 days. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went up by 1.9%, prices of 2 bedrooms properties went down by 1.4%, 3 bedrooms properties prices increased by 9.9%, prices of 4 bedrooms properties increased by 13.9%, 5 bedrooms properties prices increased by 28%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 5.9%, 4 bedrooms homes inventory decreased by 8.3%, number of 5 bedrooms homes decreased by 20%. While more than 2 listings in Wauconda, IL in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below.

Related Housing Market Reports