Is Wesley Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wesley Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Wesley Township, IL

How much do homes in Wesley Township, IL cost?

Median Sold Price

$207,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,500(+14.7%)

Key Takeaway

Homes in Wesley Township have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Wesley Township was $207,000 in October 2024, up 14.7% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K-
N/A
2 $138.7K$164K
+18.3%
3 $185K$205K
+10.8%
4 $400K$280K
-30.0%
5+ $418.5K-
N/A

Summary: Wesley Township 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 18.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wesley Township
+14.7%
Wilmington
+8.9%

Housing Supply in Wesley Township, IL

How many homes are available in Wesley Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
68+33.3%

Summary: The Wesley Township real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 45
+25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Wesley Township 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Wesley Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wesley Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days62 Days+374.7%

Summary: Homes in Wesley Township had an average of 62 days on market in Oct 2024, up by 374.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Wesley Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in Wesley Township, IL

Nearby Markets to Wesley Township, IL

What housing markets are near Wesley Township, IL?