Is Willowbrook, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willowbrook is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Willowbrook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Willowbrook, IL

How much do homes in Willowbrook, IL cost?

Median Sold Price

$305,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,000(+12.1%)

Key Takeaway

Homes in Willowbrook have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Willowbrook was $305,000 in October 2024, up 12.1% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.9K$138K
-1.4%
2 $224.2K$255K
+13.7%
3 $355K$350K
-1.4%
4 $680K$700K
+2.9%
5+ $950K$700K
-26.3%

Summary: Willowbrook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 26.3%.

Median Sold Price Compared To Nearby Cities

Burr Ridge
+25.5%
Downers Grove Township
+16.8%
Westmont
+12.2%
Willowbrook
+12.1%
Clarendon Hills
+2.6%

Housing Supply in Willowbrook, IL

How many homes are available in Willowbrook, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7292+27.8%

Summary: The Willowbrook real estate market had 92 homes for sale in October 2024, a 27.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 25
+150.0%
2 2929
0.0%
3 2027
+35.0%
4 1520
+33.3%
5+ 611
+83.3%

Summary: The Willowbrook housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2215-31.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willowbrook, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Willowbrook in October 2024, down by 31.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.

Days on Market for Willowbrook, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days15 Days-16.5%

Summary: Homes in Willowbrook had an average of 15 days on market in Oct 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Willowbrook; 80% of homes were sold within 30 days, 20% 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

Newest Listings in Willowbrook, IL

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