Is West Dundee, 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, West Dundee has remained a Seller's Market.
Housing Prices in West Dundee, IL
How much do homes in West Dundee, IL cost?
Median Sold Price
$350,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Dundee was $350,000 in May 2024, down 4.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $230.5K | $277.4K | +20.4% |
3 Bedrooms | $293.5K | $316.2K | +7.8% |
4 Bedrooms | $415K | $450K | +8.4% |
5+ Bedrooms | $495K | $490K | -1.0% |
Summary: West Dundee 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 20.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Sleepy Hollow | $408.5K | $454.9K | +11.4% |
Dundee Township | $255.8K | $280.2K | +9.5% |
Carpentersville | $235K | $255K | +8.5% |
East Dundee | $245K | $250K | +2.0% |
West Dundee | $367.5K | $350K | -4.8% |
Housing Supply in West Dundee, IL
How many homes are available in West Dundee, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Summary: The West Dundee real estate market had 29 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The West Dundee 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 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in West Dundee in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for West Dundee, IL
How long does it take to sell a home in West Dundee, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -27.5% |
Summary: Homes in West Dundee had an average of 17 days on market in May 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in West Dundee; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.