Is Watseka, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watseka is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Watseka, IL

How much do homes in Watseka, IL cost?

Median Sold Price

$100,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,000(-2.9%)

Key Takeaway

Homes in Watseka have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Watseka was $100,000 in May 2024, down 2.9% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $61.1K-
N/A
2 $78K$63K
-19.2%
3 $114.5K$110K
-3.9%
4 $135K$99.5K
-26.3%
5+ $118K$106.7K
-9.5%

Summary: Watseka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 9.5%.

Median Sold Price Compared To Nearby Cities

Middleport Township
0.0%
Watseka
-2.9%

Housing Supply in Watseka, IL

How many homes are available in Watseka, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2226+18.2%

Summary: The Watseka real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1215
+25.0%
4 58
+60.0%
5+ 21
-50.0%

Summary: The Watseka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watseka, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Watseka in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Watseka, IL

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

Average Sale Time

May 2023May 2024CHANGE
52 Days15 Days-70.8%

Summary: Homes in Watseka had an average of 15 days on market in May 2024, down by 70.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Watseka; 80% of homes were sold within 30 days, 20% 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 1 Day Ago

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