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 December 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

$574,881

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$49,780(+9.5%)

Key Takeaway

Homes in Wheatland Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Wheatland Township was $574,881 in December 2024, up 9.5% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$240K
N/A
2 $330K$315K
-4.5%
3 $410K$425K
+3.7%
4 $612.8K$655K
+6.9%
5+ $760K$850K
+11.8%

Summary: Wheatland Township housing prices by bedroom type for December 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 3.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Cities

Bolingbrook
+12.6%
Wheatland Township
+9.5%
Naperville Township
+7.3%
Naperville
+7.1%
Plainfield
+6.3%

Housing Supply in Wheatland Township, IL

How many homes are available in Wheatland Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
221190-14.0%

Summary: The Wheatland Township real estate market had 190 homes for sale in December 2024, a 14.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 4032
-20.0%
3 5346
-13.2%
4 9181
-11.0%
5+ 3731
-16.2%

Summary: The Wheatland Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 16.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
6963-8.7%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

21 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. 49.2% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in Wheatland Township in December 2024, down by 8.7% month-over-month. Of the 63 sold homes, 49% were sold under asking, 17% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
23 Days23 Days+1.5%

Summary: Homes in Wheatland Township had an average of 23 days on market in Dec 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

45 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 December 2024, 63 homes were sold in Wheatland Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

Newest Listings in Wheatland Township, IL

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What housing markets are near Wheatland Township, IL?