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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Pullman is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in West Pullman, IL

How much do homes in West Pullman, IL cost?

Median Sold Price

$169,900

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,900(+18.8%)

Key Takeaway

Homes in West Pullman have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in West Pullman was $169,900 in November 2024, up 18.8% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$145K
N/A
2 $99K$145K
+46.5%
3 $140K$172.4K
+23.2%
4 $141K$145K
+2.8%
5+ $185.7K$219.7K
+18.3%

Summary: West Pullman 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 46.5%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 18.3%.

Housing Supply in West Pullman, IL

How many homes are available in West Pullman, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
162179+10.5%

Summary: The West Pullman real estate market had 179 homes for sale in November 2024, a 10.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2924
-17.2%
3 8092
+15.0%
4 3442
+23.5%
5+ 1921
+10.5%

Summary: The West Pullman 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 decreased by 17.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Pullman, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in West Pullman in November 2024, down by 13.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.

Days on Market for West Pullman, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days84 Days+93.5%

Summary: Homes in West Pullman had an average of 84 days on market in Nov 2024, up by 93.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 20 homes were sold in West Pullman; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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 22 Days Ago

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