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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Winfield, IL

How much do homes in Winfield, IL cost?

Median Sold Price

$425,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$51,500(+13.8%)

Key Takeaway

Homes in Winfield have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Winfield was $425,000 in May 2024, up 13.8% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $207K-
N/A
2 $255K$351.4K
+37.8%
3 $352.5K$406.7K
+15.4%
4 $460K$535K
+16.3%
5+ $607.5K$751.5K
+23.7%

Summary: Winfield 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 37.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Cities

Winfield
+13.8%
Wheaton
+11.7%
Carol Stream
+10.5%
Winfield Township
+9.1%
Milton Township
+8.8%

Housing Supply in Winfield, IL

How many homes are available in Winfield, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3847+23.7%

Summary: The Winfield real estate market had 47 homes for sale in May 2024, a 23.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 913
+44.4%
3 1416
+14.3%
4 1415
+7.1%
5+ 02
+100.0%

Summary: The Winfield 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 44.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13130.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Winfield in May 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.

Days on Market for Winfield, IL

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

Average Sale Time

May 2023May 2024CHANGE
9 Days19 Days+100.9%

Summary: Homes in Winfield had an average of 19 days on market in May 2024, up by 100.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 13 homes were sold in Winfield; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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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