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Featured local agent — Waterloo, IL
Sarah Mitchell
Compass Real Estate · Waterloo, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waterloo, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$315,000median sale price
How is the Waterloo, IL housing market right now?
The median home sale price in Waterloo, IL is $315,000, up 11.9% year-over-year. Homes sell in an average of 53 days with 49 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Waterloo a buyer's or seller's market?
Waterloo, IL is currently a balanced market, based on 2.1 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
53
Average pace
Active listings
49
2.1 months supply
Sale-to-list
96.9%
Below asking
What does the Waterloo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $360,000 |
| Year-over-year price change | +11.9% |
| Average days on market | 53 days |
| Active inventory | 49 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $140/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 19 |
| Listings with a price cut | 22.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Waterloo by property type?
How the Waterloo, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $322,500 | $141/sq ft | 22 | 45 days |
| Condo / Co-op | $320,000 | $127/sq ft | 1 | 17 days |
Source: Redfin · Updated monthly
The Waterloo housing market is currently classified as a balanced market with a median sale price of $315,000. Prices have risen 11.9% compared to last year, with homes spending an average of 53 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Waterloo
There are currently 49 homes listed for sale in Waterloo, Illinois. The median listing price is $360K.
Active listings
49
Homes on market
Median list price
$360K
Avg. days on market
53
Days until sale
New this week
19
Newly listed
Who lives in Waterloo?
Population
11,055
Median income
$92,005/yr
Median age
40.2 years
Owner-occupied
76.9%
College grads
36.4%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Waterloo?
Zillow home value
$334,100
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Waterloo?
Waterloo is a community of approximately 11K residents with a median age of 40.2 years.The median household income is $92,005, which reflects a relatively affluent area with strong earning potential. 36.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 76.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waterloo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waterloo?
5 schools tracked · 2,742 students
The largest public schools serving Waterloo, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Waterloo High School
Grades 9-12 · 879 students
Waterloo Junior High School
Grades 6-8 · 574 students
W J Zahnow Elem School
Grades PK-1 · 473 students
Rogers Elem School
Grades 2-3 · 432 students
Gardner Elementary School
Grades 4-5 · 384 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Waterloo, IL?
Want a head-to-head view? Compare Waterloo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Waterloo?
The median home sale price in Waterloo is $315,000, up 11.9% from last year.
How long do homes stay on market in Waterloo?
Homes typically spend 53 days on market before going under contract.
What is the median income in Waterloo?
The median household income is $92,005 per year.
Is Waterloo a buyer's or seller's market?
With 2.1 months of supply, Waterloo is currently a balanced market.
What is the Zillow home value estimate for Waterloo?
The Zillow Home Value Index (ZHVI) for Waterloo is $334,100, representing the typical home value in the area.
What is the median condo price in Waterloo?
The median condo/co-op sale price in Waterloo, IL is $320,000, compared to $322,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waterloo?
The median single-family home price in Waterloo, IL is $322,500 (about $141 per square foot).
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