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 March 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

$318,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$47,000(+17.3%)

Key Takeaway

Homes in Wauconda have sold for 17.3% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $106.5K$143.5K
+34.7%
2 $187.5K$209.2K
+11.6%
3 $265K$317.4K
+19.8%
4 $385K$420K
+9.1%
5+ $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
+17.3%
Fremont Township
+9.4%
Wauconda Township
+6.3%
Lake Barrington
+2.6%

Housing Supply in Wauconda, IL

How many homes are available in Wauconda, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3848+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 1722
+29.4%
4 910
+11.1%
5+ 24
+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 2024Mar 2024CHANGE
812+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wauconda, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
38 Days30 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 19 Days Ago

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