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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wauconda Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Wauconda Township, IL cost?

Median Sold Price

$270,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,000(+8.0%)

Key Takeaway

Homes in Wauconda Township have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $116.5K$149K
+27.9%
2 $175K$195.8K
+11.9%
3 $234K$273.7K
+17.0%
4 $325K$369.2K
+13.6%
5+ $340K$450K
+32.4%

Median Sold Price Compared To Nearby Cities

Island Lake
+9.8%
Island Lake
+9.5%
Port Barrington
+8.8%
Wauconda Township
+8.0%
Wauconda
+2.0%

How many homes are available in Wauconda Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
7970-11.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1513
-13.3%
3 3128
-9.7%
4 2925
-13.8%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2824-14.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wauconda Township, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days35 Days+111.5%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wauconda Township 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 Township, IL

Wauconda Township, IL has 70 homes for sale to choose from. The number of homes for sale in Wauconda Township, IL decreased by 11.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $270,000, while the average time on the real estate market was 35 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 27.9%, the cost of 2 bedrooms properties went up by 11.9%, 3 bedrooms properties became 17% more expensive, 4 bedrooms properties became 13.6% more expensive, 5 bedrooms properties became 32.4% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 13.3%, the quantity of 3 bedrooms homes went down by 9.7%, number of 4 bedrooms homes decreased by 13.8%, 5 bedrooms homes inventory did not change. In November 2022, from all listings sold in Wauconda Township, IL there were more than 7 sold above asking price, over 13 sold below and more than 4 were sold right at the asked price.

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