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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Winfield, IL

How much do homes in Winfield, IL cost?

Median Sold Price

$425,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+4.9%)

Key Takeaway

Homes in Winfield have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Winfield was $425,000 in October 2024, up 4.9% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $207K$210K
+1.4%
2 $335K$290K
-13.4%
3 $395K$412.4K
+4.4%
4 $535K$554.9K
+3.7%
5+ $590K$830K
+40.7%

Summary: Winfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Cities

Carol Stream
+12.9%
Wheaton
+9.1%
Milton Township
+7.2%
Winfield
+4.9%
Winfield Township
+2.9%

Housing Supply in Winfield, IL

How many homes are available in Winfield, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4135-14.6%

Summary: The Winfield real estate market had 35 homes for sale in October 2024, a 14.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1612
-25.0%
3 77
0.0%
4 1514
-6.7%
5+ 32
-33.3%

Summary: The Winfield 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1913-31.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Winfield in October 2024, down by 31.6% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.

Days on Market for Winfield, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days13 Days-28.4%

Summary: Homes in Winfield had an average of 13 days on market in Oct 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Winfield; 100% of homes were sold within 30 days, 0% 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

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