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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waukegan Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Waukegan Township, IL

How much do homes in Waukegan Township, IL cost?

Median Sold Price

$211,666

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,666(+12.0%)

Key Takeaway

Homes in Waukegan Township have sold for 12% more than they did a year ago.

Summary: The median home sold price in Waukegan Township was $211,666 in April 2024, up 12% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $64K$72K
+12.6%
2 $170K$182K
+7.1%
3 $200K$220.1K
+10.1%
4 $215K$237K
+10.2%
5+ $202K$235K
+16.3%

Summary: Waukegan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

Waukegan
+12.5%
Waukegan Township
+12.0%
North Chicago
+8.8%
Beach Park
+0.9%

Housing Supply in Waukegan Township, IL

How many homes are available in Waukegan Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
133135+1.5%

Summary: The Waukegan Township real estate market had 135 homes for sale in April 2024, a 1.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 3028
-6.7%
3 6165
+6.6%
4 2730
+11.1%
5+ 1310
-23.1%

Summary: The Waukegan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4041+2.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waukegan Township, you could pay more than the asking price. 58.5% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Waukegan Township in April 2024, up by 2.5% month-over-month. Of the 41 sold homes, 24% were sold under asking, 17% were sold at asking, and 59% were sold over asking.

Days on Market for Waukegan Township, IL

How long does it take to sell a home in Waukegan Township, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days14 Days-54.4%

Summary: Homes in Waukegan Township had an average of 14 days on market in Apr 2024, down by 54.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 41 homes were sold in Waukegan Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% 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 9 Days Ago

Newest Listings in Waukegan Township, IL

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