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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Warrenville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Warrenville, IL

How much do homes in Warrenville, IL cost?

Median Sold Price

$310,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,500(+12.5%)

Key Takeaway

Homes in Warrenville have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Warrenville was $310,000 in May 2024, up 12.5% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $185K$185K
0.0%
2 $230.5K$255K
+10.6%
3 $286.2K$323K
+12.8%
4 $420K$428.7K
+2.1%
5+ $560.5K$680K
+21.3%

Summary: Warrenville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Naperville Township
+25.3%
West Chicago
+13.4%
Warrenville
+12.5%
Naperville
+9.9%
Winfield Township
+9.1%

Housing Supply in Warrenville, IL

How many homes are available in Warrenville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5851-12.1%

Summary: The Warrenville real estate market had 51 homes for sale in May 2024, a 12.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1914
-26.3%
3 2926
-10.3%
4 88
0.0%
5+ 13
+200.0%

Summary: The Warrenville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2719-29.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warrenville, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Warrenville in May 2024, down by 29.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.

Days on Market for Warrenville, IL

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

Average Sale Time

May 2023May 2024CHANGE
14 Days13 Days-1.0%

Summary: Homes in Warrenville had an average of 13 days on market in May 2024, down by 1% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 19 homes were sold in Warrenville; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% 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 6 Days Ago

Newest Listings in Warrenville, IL

Nearby Markets to Warrenville, IL

What housing markets are near Warrenville, IL?