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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winfield Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Winfield Township, IL

How much do homes in Winfield Township, IL cost?

Median Sold Price

$343,900

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,733(+9.1%)

Key Takeaway

Homes in Winfield Township have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Winfield Township was $343,900 in May 2024, up 9.1% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $100K$135K
+35.0%
2 $235.7K$265K
+12.4%
3 $310K$345K
+11.3%
4 $400K$475K
+18.8%
5+ $537.7K$570K
+6.0%

Summary: Winfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Winfield
+13.8%
West Chicago
+13.4%
Warrenville
+12.5%
Wheaton
+11.7%
Winfield Township
+9.1%

Housing Supply in Winfield Township, IL

How many homes are available in Winfield Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130136+4.6%

Summary: The Winfield Township real estate market had 136 homes for sale in May 2024, a 4.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 42
-50.0%
2 3734
-8.1%
3 5558
+5.5%
4 2833
+17.9%
5+ 69
+50.0%

Summary: The Winfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5446-14.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winfield Township, you could pay more than the asking price. 58.7% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Winfield Township in May 2024, down by 14.8% month-over-month. Of the 46 sold homes, 26% were sold under asking, 15% were sold at asking, and 59% were sold over asking.

Days on Market for Winfield Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
13 Days15 Days+13.4%

Summary: Homes in Winfield Township had an average of 15 days on market in May 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 46 homes were sold in Winfield Township; 87% of homes were sold within 30 days, 9% 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 3 Days Ago

Newest Listings in Winfield Township, IL

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