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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadsworth is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Wadsworth, IL

How much do homes in Wadsworth, IL cost?

Median Sold Price

$400,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-1.2%)

Key Takeaway

Homes in Wadsworth have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Wadsworth was $400,000 in October 2024, down 1.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $235K$239K
+1.7%
3 $368.5K$320K
-13.2%
4 $502.5K$465K
-7.5%
5+ $630.9K$650K
+3.0%

Summary: Wadsworth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Zion Township
+20.0%
Zion
+20.0%
Beach Park
+17.4%
Newport Township
+15.7%
Wadsworth
-1.2%

Housing Supply in Wadsworth, IL

How many homes are available in Wadsworth, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3846+21.1%

Summary: The Wadsworth real estate market had 46 homes for sale in October 2024, a 21.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 411
+175.0%
3 1716
-5.9%
4 1111
0.0%
5+ 68
+33.3%

Summary: The Wadsworth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 175%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wadsworth, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Wadsworth in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for Wadsworth, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days10 Days-12.0%

Summary: Homes in Wadsworth had an average of 10 days on market in Oct 2024, down by 12% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Wadsworth; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Wadsworth, IL

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