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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrenville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Warrenville, IL

How much do homes in Warrenville, IL cost?

Median Sold Price

$322,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,500(+9.7%)

Key Takeaway

Homes in Warrenville have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Warrenville was $322,000 in October 2024, up 9.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$185K
0.0%
2 $245K$255.9K
+4.5%
3 $310K$326K
+5.2%
4 $420K$470K
+11.9%
5+ $560.5K$665K
+18.6%

Summary: Warrenville 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 4.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Cities

Warrenville
+9.7%
West Chicago
+9.7%
Naperville
+8.2%
Naperville Township
+7.9%
Winfield Township
+2.9%

Housing Supply in Warrenville, IL

How many homes are available in Warrenville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3745+21.6%

Summary: The Warrenville real estate market had 45 homes for sale in October 2024, a 21.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1117
+54.5%
3 1617
+6.3%
4 89
+12.5%
5+ 22
0.0%

Summary: The Warrenville 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 54.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrenville, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Warrenville in October 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for Warrenville, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days19 Days+10.8%

Summary: Homes in Warrenville had an average of 19 days on market in Oct 2024, up by 10.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Warrenville; 77% of homes were sold within 30 days, 23% 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 16 Days Ago

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