Is West Chicago, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Chicago has remained a Seller's Market.
Housing Prices in West Chicago, IL
How much do homes in West Chicago, IL cost?
Median Sold Price
$351,666
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Chicago was $351,666 in April 2024, up 13.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $135K | +42.1% |
2 Bedrooms | $222.5K | $245K | +10.1% |
3 Bedrooms | $280K | $344K | +22.9% |
4 Bedrooms | $422.5K | $505K | +19.5% |
5+ Bedrooms | $495.9K | $455K | -8.3% |
Summary: West Chicago housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
West Chicago | $310K | $351.6K | +13.4% |
Geneva Township | $410.6K | $454K | +10.6% |
Winfield Township | $311.8K | $343.3K | +10.1% |
Wayne Township | $345K | $375K | +8.7% |
Housing Supply in West Chicago, IL
How many homes are available in West Chicago, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 57 | +23.9% |
Summary: The West Chicago real estate market had 57 homes for sale in April 2024, a 23.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 3 | 9 | +200.0% |
Summary: The West Chicago housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in West Chicago in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 0% were sold at asking, and 74% were sold over asking.
Days on Market for West Chicago, IL
How long does it take to sell a home in West Chicago, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 8 Days | -75.1% |
Summary: Homes in West Chicago had an average of 8 days on market in Apr 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in West Chicago; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.