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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wesley Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wesley Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wesley Township, IL

How much do homes in Wesley Township, IL cost?

Median Sold Price

$200,000

$138/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$22,975(+13.0%)

Key Takeaway

Homes in Wesley Township have sold for 13% more than they did a month ago.

Summary: The median home sold price in Wesley Township was $200,000 in May 2024, up 13% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$153K
N/A
3 $145K$227.5K
+56.8%
4 $209K-
N/A
5+ --
N/A

Summary: Wesley Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 56.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Wesley Township, IL

How many homes are available in Wesley Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
56+20.0%

Summary: The Wesley Township real estate market had 6 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 33
0.0%
4 10
-100.0%
5+ 00
0.0%

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

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wesley Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Wesley Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Wesley Township, IL

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

Average Sale Time

Apr 2024May 2024CHANGE
18 Days8 Days-55.0%

Summary: Homes in Wesley Township had an average of 8 days on market in May 2024, down by 55% compared to last month.

Breakdown of Home Sale Times

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

Summary: During May 2024, 3 homes were sold in Wesley Township; 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 1 Day Ago

Newest Listings in Wesley Township, IL

Nearby Markets to Wesley Township, IL

What housing markets are near Wesley Township, IL?