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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wadsworth is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Wadsworth, IL

How much do homes in Wadsworth, IL cost?

Median Sold Price

$400,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,000(+5.3%)

Key Takeaway

Homes in Wadsworth have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Wadsworth was $400,000 in February 2024, up 5.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $262K$235K
-10.3%
3 $360.5K$335K
-7.1%
4 $409.5K$495K
+20.9%
5+ $600.4K$506.2K
-15.7%

Summary: Wadsworth housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 15.7%.

Median Sold Price Compared To Nearby Cities

Zion Township
+16.7%
Zion
+16.7%
Wadsworth
+5.3%
Beach Park
+4.7%
Newport Township
-1.0%

Housing Supply in Wadsworth, IL

How many homes are available in Wadsworth, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2427+12.5%

Summary: The Wadsworth real estate market had 27 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 109
-10.0%
4 1013
+30.0%
5+ 34
+33.3%

Summary: The Wadsworth housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wadsworth, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Wadsworth in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Wadsworth, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
33 Days53 Days+59.6%

Summary: Homes in Wadsworth had an average of 53 days on market in Feb 2024, up by 59.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 7 homes were sold in Wadsworth; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 28 Days Ago

Newest Listings in Wadsworth, IL

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