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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Wesley Township was a Seller's Market.

Key Takeaway

Wesley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 November 2023

+$17,000(+8.9%)

Key Takeaway

Homes in Wesley Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Wesley Township was $207,000 in November 2024, up 8.9% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K-
N/A
2 $154.9K$158.2K
+2.1%
3 $190K$205K
+7.9%
4 $330K$619.5K
+87.7%
5+ $418.5K-
N/A

Summary: Wesley Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 87.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wilmington
+9.7%
Wesley Township
+8.9%

Housing Supply in Wesley Township, IL

How many homes are available in Wesley Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
911+22.2%

Summary: The Wesley Township real estate market had 11 homes for sale in November 2024, a 22.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 66
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Wesley Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Wesley Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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

Nov 2023Nov 2024CHANGE
20 Days25 Days+21.0%

Summary: Homes in Wesley Township had an average of 25 days on market in Nov 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 1 homes were sold in Wesley Township; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Wesley Township, IL

Nearby Markets to Wesley Township, IL

What housing markets are near Wesley Township, IL?