Is West Bluff, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Bluff is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Bluff was a Seller's Market.

Key Takeaway

West Bluff is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West Bluff, IL

How much do homes in West Bluff, IL cost?

Median Sold Price

$63,500

$44/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.8%)

Key Takeaway

Homes in West Bluff have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in West Bluff was $63,500 in November 2024, down 0.8% from last year, and the median price per square foot was $44.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $32K$28.5K
-10.9%
2 $35K$33K
-5.7%
3 $65K$79.9K
+22.9%
4 $92.5K$89.9K
-2.8%
5+ $148.5K$85K
-42.8%

Summary: West Bluff housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 42.8%.

Housing Supply in West Bluff, IL

How many homes are available in West Bluff, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6264+3.2%

Summary: The West Bluff real estate market had 64 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 2524
-4.0%
4 1316
+23.1%
5+ 1010
0.0%

Summary: The West Bluff housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Bluff, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in West Bluff in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for West Bluff, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days9 Days-48.5%

Summary: Homes in West Bluff had an average of 9 days on market in Nov 2024, down by 48.5% compared to last year.

Breakdown of Home Sale Times

9 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 West Bluff are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in West Bluff; 90% of homes were sold within 30 days, 10% 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 21 Days Ago

Newest Listings in West Bluff, IL

Nearby Markets to West Bluff, IL