Is Winthrop Harbor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Winthrop Harbor has remained a Seller's Market.
Housing Prices in Winthrop Harbor, IL
How much do homes in Winthrop Harbor, IL cost?
Median Sold Price
$265,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Winthrop Harbor was $265,000 in May 2024, the same as last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $162.4K | $187.5K | +15.4% |
3 Bedrooms | $264.2K | $265K | 0.3% |
4 Bedrooms | $286K | $325.4K | +13.8% |
5+ Bedrooms | $320K | $347K | +8.4% |
Summary: Winthrop Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Zion Township | $185K | $218.2K | +17.9% |
Zion | $185K | $218.2K | +17.9% |
Pleasant Prairie | $352.4K | $381.5K | +8.2% |
Winthrop Harbor | $264.9K | $265K | 0.0% |
Benton Township | $237K | $208K | -12.2% |
Housing Supply in Winthrop Harbor, IL
How many homes are available in Winthrop Harbor, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The Winthrop Harbor real estate market had 34 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Winthrop Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Winthrop Harbor in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Winthrop Harbor, IL
How long does it take to sell a home in Winthrop Harbor, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 42 Days | -10.4% |
Summary: Homes in Winthrop Harbor had an average of 42 days on market in May 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Winthrop Harbor; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.