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 October 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

$170,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,550(+18.5%)

Key Takeaway

Homes in West Pullman have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in West Pullman was $170,000 in October 2024, up 18.5% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$145K
N/A
2 $99K$124.7K
+26.0%
3 $142.5K$170K
+19.3%
4 $133.9K$190.5K
+42.3%
5+ $185.7K$219.7K
+18.3%

Summary: West Pullman 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 26%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 42.3%, 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

Sep 2024Oct 2024CHANGE
157184+17.2%

Summary: The West Pullman real estate market had 184 homes for sale in October 2024, a 17.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2628
+7.7%
3 8295
+15.9%
4 3141
+32.3%
5+ 1820
+11.1%

Summary: The West Pullman housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 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. 40.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in West Pullman in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
65 Days57 Days-11.9%

Summary: Homes in West Pullman had an average of 57 days on market in Oct 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in West Pullman; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% 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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