Is Wheatland Township, 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, Wheatland Township has remained a Seller's Market.
Housing Prices in Wheatland Township, IL
How much do homes in Wheatland Township, IL cost?
Median Sold Price
$550,402
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wheatland Township was $550,402 in May 2024, up 7.1% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $294.9K | $320K | +8.5% |
3 Bedrooms | $374.9K | $417K | +11.2% |
4 Bedrooms | $588.2K | $630K | +7.1% |
5+ Bedrooms | $727.5K | $822.5K | +13.1% |
Summary: Wheatland Township 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 8.5%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
Naperville Township | $397.3K | $497.7K | +25.3% |
Naperville | $507.8K | $558.1K | +9.9% |
Bolingbrook | $315K | $340K | +8.0% |
Wheatland Township | $513.9K | $550.4K | +7.1% |
Plainfield | $390.1K | $377.7K | -3.2% |
Housing Supply in Wheatland Township, IL
How many homes are available in Wheatland Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
302 | 356 | +17.9% |
Summary: The Wheatland Township real estate market had 356 homes for sale in May 2024, a 17.9% 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 | 46 | 49 | +6.5% |
3 Bedrooms | 61 | 72 | +18.0% |
4 Bedrooms | 146 | 178 | +21.9% |
5+ Bedrooms | 49 | 57 | +16.3% |
Summary: The Wheatland Township 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 6.5%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 96 | +14.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Wheatland Township in May 2024, up by 14.3% month-over-month. Of the 96 sold homes, 28% were sold under asking, 11% were sold at asking, and 60% were sold over asking.
Days on Market for Wheatland Township, IL
How long does it take to sell a home in Wheatland Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 13 Days | +53.2% |
Summary: Homes in Wheatland Township had an average of 13 days on market in May 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 96 homes were sold in Wheatland Township; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.