Housing in Waterman, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — November 2025Median Sale Price
$227,500
Median List Price
N/A
Price Per Sq Ft
$136
Days on Market
68
Active Inventory
4
Months of Supply
2.0
Seller's market
Zillow Home Value
$282,610
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Sale-to-List Ratio
99.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$136
Waterman vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Waterman is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$212,900
Median Rent
$897
Total Housing Units
508
Vacancy Rate
5.3%
Owner Occupied
86.1%
Renter Occupied
13.9%
Median Property Tax
$4,601
per year
Monthly Cost (w/ Mortgage)
$1,385
Housing Types
The current median sale price in Waterman, IL is $227,500 according to Redfin data. Homes spend a median of 68 days on the market. 50.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $136. The median rent is $897 per month (Census ACS). About 86.1% of housing units are owner-occupied. The median year homes were built is 1971. There are 508 total housing units.