Waterman, IL, Real Estate

Waterman, Illinois, is a quaint village in DeKalb County with a population of approximately 1,500, offering a serene, small-town atmosphere surrounded by the expansive farmlands of the Midwest. Established in 1872, Waterman maintains a rich agricultural heritage, with its annual Waterman Lions Summerfest and Antique Tractor & Steam Show celebrating its rural roots and community spirit. The village features a handful of local businesses, historic buildings, and a peaceful park, making it an inviting spot for those seeking a slower pace of life. Its proximity to larger cities like DeKalb and Aurora provides residents with a balance of rural charm and access to urban amenities.

Waterman currently has 9 single family homes for sale with an average list price of $337,427.78, 1 townhouse for sale with a list price of $189,000, and 1 lot for sale with a list price of $639,000. The average annual property tax for Waterman is $4,233.63.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Waterman, i.e. what's hot and what's not.

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Recent Sales

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Deerfield Crossing

Deerfield Crossing is a single-family home community in Waterman, Illinois, built in 2026 by Lennar. It currently has 5 single family homes for sale with an average list price of $357,790. The homes range in size from 1,455 ft2 to 2,170 ft2. It is located in DeKalb County. ... Read more
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Green Ridge

Green Ridge is a single-family home community in Waterman, Illinois, built between 2005 and 2023 by Kennedy Homes. It currently has 1 single family home for sale with a list price of $359,900. The homes range in size from 1,366 ft2 to 3,530 ft2. The HOA fees range from $13 to $50 per month. The average annual property tax for Green Ridge is $4,914.48. ... Read more
Median Price: $322,250

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Market Trends

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Real Estate News

New Homes For Sale This Week in Waterman: December 5th to December 11th

New Homes For Sale This Week in Waterman: December 5th to December 11th - December 12, 2025

Waterman had only 1 new home for sale during the week of Friday, December 5 to Thursday, December 11, including and it was a single family home for sale with ... continue reading
New Construction Homes For Sale This Week in Waterman: December 3rd to December 9th

New Construction Homes For Sale This Week in Waterman: December 3rd to December 9th - December 10, 2025

Waterman had 5 new construction homes during the week of Wednesday, December 3 to Tuesday, December 9, including 5 single family homes for sale with an average list price of ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Waterman: November 29th to December 5th

New Homes with Master Bedrooms on the 1st Floor in Waterman: November 29th to December 5th - December 6, 2025

Waterman had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, November 29 to Friday, December 5, and it ... continue reading
New Homes For Sale This Week in Waterman: November 28th to December 4th

New Homes For Sale This Week in Waterman: November 28th to December 4th - December 5, 2025

Waterman had 5 new homes for sale during the week of Friday, November 28 to Thursday, December 4, including including 5 single family homes for sale with an average list ... continue reading
Homes Just Sold in Waterman: November 4th to November 10th

Homes Just Sold in Waterman: November 4th to November 10th - November 11, 2025

Waterman had 2 sales during the week of Tuesday, November 4 to Monday, November 10, including including 2 single family homes for sale with an average list price of $228,750. $275,000 423 ... continue reading
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