Is Wheatland Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheatland Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Wheatland Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wheatland Township, IL

How much do homes in Wheatland Township, IL cost?

Median Sold Price

$577,040

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,927(+10.3%)

Key Takeaway

Homes in Wheatland Township have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Wheatland Township was $577,040 in November 2024, up 10.3% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$240K
N/A
2 $330K$315K
-4.5%
3 $402K$431K
+7.2%
4 $609.6K$650.7K
+6.7%
5+ $758K$859K
+13.3%

Summary: Wheatland Township 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 decreased by 4.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Cities

Bolingbrook
+12.5%
Wheatland Township
+10.3%
Naperville Township
+9.1%
Naperville
+8.3%
Plainfield
+2.8%

Housing Supply in Wheatland Township, IL

How many homes are available in Wheatland Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
276249-9.8%

Summary: The Wheatland Township real estate market had 249 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4744
-6.4%
3 6559
-9.2%
4 116107
-7.8%
5+ 4839
-18.8%

Summary: The Wheatland Township 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 6.4%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8668-20.9%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheatland Township, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Wheatland Township in November 2024, down by 20.9% month-over-month. Of the 68 sold homes, 56% were sold under asking, 18% were sold at asking, and 26% were sold over asking.

Days on Market for Wheatland Township, IL

How long does it take to sell a home in Wheatland Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days23 Days+16.5%

Summary: Homes in Wheatland Township had an average of 23 days on market in Nov 2024, up by 16.5% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 68 homes were sold in Wheatland Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% 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 2 Days Ago

Newest Listings in Wheatland Township, IL

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What housing markets are near Wheatland Township, IL?