Is Watseka, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Watseka has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61.1K | - | N/A |
2 Bedrooms | $78K | $63K | -19.2% |
3 Bedrooms | $114.5K | $110K | -3.9% |
4 Bedrooms | $135K | $99.5K | -26.3% |
5+ Bedrooms | $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 | $75K | $75K | 0.0% |
Watseka | $103K | $100K | -2.9% |
Housing Supply in Watseka, IL
How many homes are available in Watseka, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 26 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 2 | 1 | -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 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 15 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
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.