Is Willowbrook, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willowbrook is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Willowbrook has remained a Seller's Market.

Key Takeaway

Willowbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Willowbrook, IL

How much do homes in Willowbrook, IL cost?

Median Sold Price

$284,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,550(+3.5%)

Key Takeaway

Homes in Willowbrook have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Willowbrook was $284,000 in May 2024, up 3.5% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $151K$141K
-6.6%
2 $222K$251K
+13.1%
3 $339.5K$349.7K
+3.0%
4 $566K$720K
+27.2%
5+ $950K$657.5K
-30.8%

Summary: Willowbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes decreased by 30.8%.

Median Sold Price Compared To Nearby Cities

Downers Grove Township
+7.4%
Clarendon Hills
+4.3%
Willowbrook
+3.5%
Westmont
-2.1%
Burr Ridge
-2.7%

Housing Supply in Willowbrook, IL

How many homes are available in Willowbrook, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7781+5.2%

Summary: The Willowbrook real estate market had 81 homes for sale in May 2024, a 5.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 58
+60.0%
2 3127
-12.9%
3 2427
+12.5%
4 1112
+9.1%
5+ 67
+16.7%

Summary: The Willowbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2927-6.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willowbrook, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Willowbrook in May 2024, down by 6.9% month-over-month. Of the 27 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for Willowbrook, IL

How long does it take to sell a home in Willowbrook, IL?

Average Sale Time

May 2023May 2024CHANGE
19 Days22 Days+14.8%

Summary: Homes in Willowbrook had an average of 22 days on market in May 2024, up by 14.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Willowbrook are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 27 homes were sold in Willowbrook; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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