Waterloo, IL Home Values & Market Trends

Real estate market trends reflect that there have been 260 transactions over the past year in Waterloo. The median value for residential home transactions that occurred over the previous year is $296,107.77. The number of current listings in Waterloo is 19, and the percentage of properties for sale in the city is 19.00%. Waterloo, IL currently has 16 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 19 properties for sale.

Waterloo, IL Real Estate Market Overview

ZipMedian Est. Value
62298

$ 291,269

$ 160/sqft

Housing Market Summary for Waterloo, IL

Apr 2023March 2024Change
Median Listing Price$206.4K$282.4K36.77%
Median Sold Price$274.8K$282.4K2.75%
Homes For Sale128-33.33%
Homes Sold149144-3.36%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Waterloo, IL

Waterloo home values range from $23,305 to $1,689,717. The median estimated value of a home in Waterloo is $296,107.77. The median list price of a home is 250,000, and the total count of properties in the city is 6,072.

Foreclosure
There is 1 zips within Waterloo, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $764,129 in 62298 to the lowest value of $162,223 in 62298. Foreclosure homes account for 0.00% of properties in Waterloo, IL with 62298 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.21% of all residential properties in Waterloo, IL with 62298 containing 13 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Waterloo, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $764,129 in 62298 to the lowest home value of $162,223 in 62298.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Waterloo, IL ranges from the highest value of $0 in 62298 to the lowest value of $0 in 62298. Bank owned homes and properties account for 0.02% of properties in Waterloo, IL. There is 1 zips within Waterloo, IL; 62298 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    62298 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Waterloo, IL. Auction homes and other auction properties account for 0.03% of all properties in Waterloo, IL. There is 1 zips within Waterloo, IL; of that zips, the median estimated home value for homes going to auction ranges from $270,049 in 62298 to the lowest value of $241,267 in 62298.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.31% of residential properties in Waterloo, IL with 62298 containing 19 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Waterloo, IL; homes for sale in that zips, have a range of median values from $765,000 in 62298 to the lowest value of $96,216 in 62298.
    Sold Homes
    The median value for recently sold homes ranges from $1,576,225 in 62298 to the lowest price of $33,399 in 62298. There is 1 zips within Waterloo, IL. 62298 has 171 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.82% of properties in Waterloo, IL.

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      Guide for Waterloo, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Recently Listed Homes Waterloo, IL

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