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 October 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

$348,120

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,955(+2.9%)

Key Takeaway

Homes in Winfield Township have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Winfield Township was $348,120 in October 2024, up 2.9% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K$152.4K
+52.4%
2 $247.5K$275K
+11.1%
3 $330.2K$350K
+6.0%
4 $420K$485K
+15.5%
5+ $536.5K$675K
+25.8%

Summary: Winfield Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 25.8%.

Median Sold Price Compared To Nearby Cities

West Chicago
+9.7%
Warrenville
+9.7%
Wheaton
+9.1%
Winfield
+4.9%
Winfield Township
+2.9%

Housing Supply in Winfield Township, IL

How many homes are available in Winfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125123-1.6%

Summary: The Winfield Township real estate market had 123 homes for sale in October 2024, a 1.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 3231
-3.1%
3 5148
-5.9%
4 3030
0.0%
5+ 1011
+10.0%

Summary: The Winfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4838-20.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

23 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. 60.5% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Winfield Township in October 2024, down by 20.8% month-over-month. Of the 38 sold homes, 32% were sold under asking, 8% were sold at asking, and 61% 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

Oct 2023Oct 2024CHANGE
17 Days16 Days-6.1%

Summary: Homes in Winfield Township had an average of 16 days on market in Oct 2024, down by 6.1% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

5 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 38 homes were sold in Winfield Township; 87% of homes were sold within 30 days, 13% 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 Winfield Township, IL

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