Is Winfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Winfield Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $135K | +35.0% |
2 Bedrooms | $235.7K | $265K | +12.4% |
3 Bedrooms | $310K | $345K | +11.3% |
4 Bedrooms | $400K | $475K | +18.8% |
5+ Bedrooms | $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 | $373.5K | $425K | +13.8% |
West Chicago | $317.5K | $360K | +13.4% |
Warrenville | $275.5K | $310K | +12.5% |
Wheaton | $388.9K | $434.5K | +11.7% |
Winfield Township | $315.1K | $343.9K | +9.1% |
Housing Supply in Winfield Township, IL
How many homes are available in Winfield Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
130 | 136 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 37 | 34 | -8.1% |
3 Bedrooms | 55 | 58 | +5.5% |
4 Bedrooms | 28 | 33 | +17.9% |
5+ Bedrooms | 6 | 9 | +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 2024 | May 2024 | CHANGE |
---|---|---|
54 | 46 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 15 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
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.