Waukegan currently leans toward a seller’s market, with the market gauge at 17 and about three months of supply available. Homes are typically taking 49 days to go under contract in this rolling three-month view, showing buyers have some time but not unlimited choices. An average sale-to-list ratio just above 100 percent signals that many properties are still commanding close to, or slightly above, their asking prices.
Prices have moved up notably over the past year, with the typical home value rising about 9 percent in this rolling three-month period. Sellers are listing higher as well, with the median list price up nearly 5 percent year over year, reflecting confidence in buyer demand. Even so, the share of homes selling above list has edged down slightly compared with last year, suggesting that pricing is becoming a bit more measured rather than driven by bidding wars.
On the supply side, active listings are up slightly from a year ago, and months of supply has climbed nearly 40 percent, giving buyers a modestly wider selection. Demand remains solid, with pending sales jumping more than 17 percent year over year even as closed sales dipped a bit, hinting at a steady pipeline of future closings. Whether you are a buyer navigating rising prices or a seller trying to capitalize on current conditions, Agent Pronto can connect you with a Waukegan agent who understands this evolving market.
