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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Chesterfield is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, West Chesterfield was a Buyer's Market.

Key Takeaway

West Chesterfield 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 Chesterfield, IL

How much do homes in West Chesterfield, IL cost?

Median Sold Price

$178,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+20.3%)

Key Takeaway

Homes in West Chesterfield have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in West Chesterfield was $178,000 in October 2024, up 20.3% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $130.5K$126.5K
-3.1%
3 $187.7K$250K
+33.2%
4 $235K$187K
-20.4%
5+ $70K-
N/A

Summary: West Chesterfield 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 decreased by 3.1%, 3 bedroom homes increased by 33.2%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

West Chesterfield
+20.3%
Far Southeast Side
+10.9%
Chatham
+10.0%
Roseland
+6.3%

Housing Supply in West Chesterfield, IL

How many homes are available in West Chesterfield, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1619+18.8%

Summary: The West Chesterfield real estate market had 19 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 1112
+9.1%
4 33
0.0%
5+ 00
0.0%

Summary: The West Chesterfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Chesterfield, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Chesterfield in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for West Chesterfield, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days25 Days+130.3%

Summary: Homes in West Chesterfield had an average of 25 days on market in Oct 2024, up by 130.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Chesterfield has remained consistent over time.

Summary: During October 2024, 3 homes were sold in West Chesterfield; 33% of homes were sold within 30 days, 67% 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 Chesterfield, IL

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