Is Wauconda Township, 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 Township has remained a Seller's Market.
Housing Prices in Wauconda Township, IL
How much do homes in Wauconda Township, IL cost?
Median Sold Price
$308,333
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wauconda Township was $308,333 in March 2024, up 6.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $150K | +30.4% |
2 Bedrooms | $200K | $225K | +12.5% |
3 Bedrooms | $275K | $293K | +6.5% |
4 Bedrooms | $375K | $405K | +8.0% |
5+ Bedrooms | $450K | $493.6K | +9.7% |
Summary: Wauconda Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Wauconda | $271K | $318K | +17.3% |
Wauconda Township | $290K | $308.3K | +6.3% |
Island Lake | $250K | $252.5K | +1.0% |
Island Lake | $250K | $252.5K | +1.0% |
Housing Supply in Wauconda Township, IL
How many homes are available in Wauconda Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 74 | +29.8% |
Summary: The Wauconda Township real estate market had 74 homes for sale in March 2024, a 29.8% 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 | 13 | 18 | +38.5% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Wauconda Township 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 38.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Wauconda Township in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for Wauconda Township, IL
How long does it take to sell a home in Wauconda Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -17.5% |
Summary: Homes in Wauconda Township had an average of 27 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Wauconda Township; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.