Is Wauconda, 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, Wauconda has remained a Seller's Market.
Housing Prices in Wauconda, IL
How much do homes in Wauconda, IL cost?
Median Sold Price
$318,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wauconda was $318,000 in March 2024, up 17.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.5K | $143.5K | +34.7% |
2 Bedrooms | $187.5K | $209.2K | +11.6% |
3 Bedrooms | $265K | $317.4K | +19.8% |
4 Bedrooms | $385K | $420K | +9.1% |
5+ Bedrooms | $475K | $496K | +4.4% |
Summary: Wauconda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Wauconda | $271K | $318K | +17.3% |
Fremont Township | $360.2K | $394.2K | +9.4% |
Wauconda Township | $290K | $308.3K | +6.3% |
Lake Barrington | $409.2K | $420K | +2.6% |
Housing Supply in Wauconda, IL
How many homes are available in Wauconda, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Summary: The Wauconda real estate market had 48 homes for sale in March 2024, a 26.3% 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 | 10 | 12 | +20.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Wauconda 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 increased by 20%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Wauconda in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -21.6% |
Summary: Homes in Wauconda had an average of 30 days on market in Mar 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Wauconda; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.