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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in West Chesterfield, IL

How much do homes in West Chesterfield, IL cost?

Median Sold Price

$187,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,000(+28.1%)

Key Takeaway

Homes in West Chesterfield have sold for 28.1% more than they did a year ago.

Summary: The median home sold price in West Chesterfield was $187,000 in November 2024, up 28.1% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $125K$141.5K
+13.2%
3 $186K$254.5K
+36.8%
4 $235K$187K
-20.4%
5+ $70K-
N/A

Summary: West Chesterfield 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 13.2%, 3 bedroom homes increased by 36.8%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

West Chesterfield
+28.1%
Far Southeast Side
+11.8%
Chatham
+10.3%
Roseland
+9.7%

Housing Supply in West Chesterfield, IL

How many homes are available in West Chesterfield, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1820+11.1%

Summary: The West Chesterfield real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1214
+16.7%
4 33
0.0%
5+ 00
0.0%

Summary: The West Chesterfield 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

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 West Chesterfield, 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 West Chesterfield in November 2024, down by 66.7% 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 West Chesterfield, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days12 Days-56.6%

Summary: Homes in West Chesterfield had an average of 12 days on market in Nov 2024, down by 56.6% 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 West Chesterfield are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in West Chesterfield; 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 21 Days Ago

Newest Listings in West Chesterfield, IL

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