Photo: Nyttend · Public domain165 homes sold in Waterloo in the last year, at a typical $314K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Waterloo homes are listed.
Every place Waterloo homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Waterloo.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 95% of Waterloo’s sales, at a typical $317K
165 homes sold in the year to May 2026.
typical sale · 157 sold in 12 months
- Per square foot
- $159IL $180
- Days to sell
- 41
- Sold over asking
- 37%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 4 sold, typical $321K
Condos: 4 sold, typical $330K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
165 sales in the last year, against 198 in 2020 and a low of 104 in 2013. The typical sale went from $197K in 2016 to $314K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Waterloo
Check a listing against what Waterloo homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Waterloo are more common than before the pandemic, with about as many homes for sale
We read every month of Waterloo’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 165 sales.
If you’re buying in Waterloo
- Shop in April. It brings about 14 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- Some room to negotiate. 17% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.5% of the list price on average; 35% paid over.
Summer brings the homes; fall brings the bidding wars
June has the most new listings (about 17 a month), but September is the most competitive: 34% of September sales close over asking. March and April offer nearly as much choice with fewer homes bid up (30%). February has the least competition (15%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Waterloo now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 35% | 24% | 39% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | — | — | — | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 17% | 19% | 9% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.5% | 98.7% | 100.3% | 99.2% |
| Days to sellMedian days from listing to contract | 43 | 61 | 46 | 49 |
41 homes for sale on a typical day
That’s 1.6 times the 2022 low (26), about the 2017–19 level and well under 2016’s 54.
1 in 6 listings has cut its price
17% in the last year, against 19% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 50%, condos 69%
A house typically sold for $317K in the last year (157 sales), a condo for $330K (4).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Waterloo ranks 200th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Waterloo is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Waterloo home costs about $2,079 a month
Price: Waterloo’s typical sale, last 12 months. Property tax at Waterloo’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Waterloo is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $314K home, about $5,280 a year.
Taxes vs. neighborsSchools
The schools grade for Waterloo, from test results, graduation and how much students grow.
Schools in WaterlooTypical commute
The average one-way trip to work for people who live in Waterloo.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Millstadt, Smithton and Dupo sell for less a square foot
The busier markets within 25 miles of Waterloo, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Oakville | 396 | $352K | $169 | 48% | 18 |
| Waterloo | 165 | $314K | $160 | 35% | 43 |
| Columbia | 114 | $325K | $157 | 32% | 42 |
| Dupo | 57 | $171K | $107 | 32% | 56 |
| Imperial | 54 | $322K | $174 | 39% | 23 |
| Millstadt | 52 | $293K | $145 | 46% | 48 |
| Smithton | 48 | $329K | $140 | 44% | 57 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Waterloo, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Waterloo. People who follow the town see it, and so do people comparing Waterloo with their own town. No commission, no listing fee.
Questions about buying a home in Waterloo
What do homes sell for in Waterloo, IL?
165 homes sold in the year to May 2026 at a typical $314K, $160 a square foot.
Is Waterloo a buyer’s or seller’s market?
A seller’s market: 49 homes were for sale in May 2026 and 23 sold, about 2.1 months of supply. Buyers paid 99.5% of asking on average, and 17% of listings cut their price.
When is the best time to buy in Waterloo?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Waterloo?
About 1.7% of a home’s value a year. On a $314K home that’s near $5,280.
Where can I see homes for sale in Waterloo?
Zillow, Redfin, Realtor.com and Homes.com all carry Waterloo’s MLS listings; the search links above open each one filtered to Waterloo.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).