Wauconda, IL - Real Estate Market Update: September 2024

Welcome to Stellar Results Realty's monthly market update for Wauconda, Illinois. Staying informed about the latest real estate trends is essential whether you’re buying or selling. Here’s a look at the data driving the market this September.

Key Market Insights

Months Supply of Inventory

Currently, Wauconda has a 2.89-month supply of homes. This means that, at the current rate, it would take just under three months to sell all available homes on the market. Over the last year, the Months Supply of Inventory has increased by 62.36%, suggesting that more options may become available for buyers.

List to Sold Price Percentage

The List to Sold Price Percentage is strong at 99.3%, showing that homes in Wauconda are selling close to their listing price. This is positive news for sellers, who are seeing returns near their asking prices.

Median Days on Market

With a median of just 6 days on the market, homes in Wauconda are selling quickly. This fast turnover indicates high demand and a competitive environment for well-priced homes.

Median Sold Price

The median sold price in Wauconda stands at $320,000, giving buyers and sellers a helpful reference point for the average pricing in the area.

Market Summary

In summary, the Wauconda real estate market continues to show high demand, with properties selling quickly and close to asking prices. The notable increase in inventory, however, could indicate a future shift toward a more balanced market, creating benefits for both buyers and sellers.

Need Expert Guidance?

Stellar Results Realty is here to help you navigate these trends and make the best decisions for your real estate goals. Whether you're buying or selling, our team is ready to provide insights and support. Reach out to us today for more information on making your next move in the Wauconda market.