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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Dundee is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Dundee has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Dundee, IL

How much do homes in West Dundee, IL cost?

Median Sold Price

$418,500

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$95,500(+29.6%)

Key Takeaway

Homes in West Dundee have sold for 29.6% more than they did a year ago.

Summary: The median home sold price in West Dundee was $418,500 in October 2024, up 29.6% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $254.9K$302.5K
+18.7%
3 $295K$320K
+8.5%
4 $430K$460K
+7.0%
5+ $491.2K$502.4K
+2.3%

Summary: West Dundee 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 18.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

West Dundee
+29.6%
Sleepy Hollow
+13.1%
East Dundee
+12.2%
Dundee Township
+9.8%
Carpentersville
+7.4%

Housing Supply in West Dundee, IL

How many homes are available in West Dundee, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The West Dundee real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 35
+66.7%
3 57
+40.0%
4 108
-20.0%
5+ 23
+50.0%

Summary: The West Dundee 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 66.7%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Dundee, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in West Dundee in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for West Dundee, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days24 Days-6.8%

Summary: Homes in West Dundee had an average of 24 days on market in Oct 2024, down by 6.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were 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

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

Summary: During October 2024, 9 homes were sold in West Dundee; 78% of homes were sold within 30 days, 22% 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 16 Days Ago

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